Envestnet Asset Management Inc. Sells 5,377 Shares of Toll Brothers, Inc. (NYSE:TOL)

Envestnet Asset Management Inc. cut its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 14.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,373 shares of the construction company's stock after selling 5,377 shares during the period. Envestnet Asset Management Inc.'s holdings in Toll Brothers were worth $3,951,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TOL. Geode Capital Management LLC grew its position in shares of Toll Brothers by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock worth $276,263,000 after buying an additional 35,001 shares during the period. Jennison Associates LLC boosted its stake in Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock worth $154,449,000 after acquiring an additional 341,980 shares during the last quarter. Norges Bank acquired a new position in Toll Brothers during the fourth quarter valued at approximately $149,924,000. Pictet Asset Management Holding SA increased its stake in Toll Brothers by 21.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 784,412 shares of the construction company's stock valued at $98,797,000 after purchasing an additional 140,133 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Toll Brothers in the fourth quarter worth $43,615,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Down 1.0 %

TOL traded down $1.06 during trading on Friday, reaching $100.00. 972,871 shares of the stock were exchanged, compared to its average volume of 1,545,424. The stock has a market cap of $9.99 billion, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The stock's 50 day moving average price is $103.64 and its two-hundred day moving average price is $128.42. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Equities analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a dividend of $0.25 per share. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 1.00%. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.54% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TOL. Barclays decreased their price target on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada dropped their price target on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. StockNews.com lowered Toll Brothers from a "hold" rating to a "sell" rating in a research report on Friday. Bank of America cut their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Oppenheimer cut their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $144.79.

About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments.