HighTower Advisors LLC Lowers Position in Toll Brothers, Inc. (NYSE:TOL)

HighTower Advisors LLC decreased its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,074 shares of the construction company's stock after selling 11,306 shares during the quarter. HighTower Advisors LLC's holdings in Toll Brothers were worth $4,669,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TOL. Larson Financial Group LLC raised its position in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after buying an additional 66 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after buying an additional 75 shares during the last quarter. Nilsine Partners LLC raised its position in Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock worth $2,433,000 after buying an additional 88 shares during the last quarter. Versant Capital Management Inc raised its position in Toll Brothers by 15.1% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock worth $88,000 after buying an additional 92 shares during the last quarter. Finally, CIBC Asset Management Inc raised its position in Toll Brothers by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company's stock worth $472,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

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Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares of the company's stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,785 shares of company stock worth $1,479,185 over the last ninety days. 1.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have commented on TOL. Bank of America cut their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Evercore ISI increased their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Wells Fargo & Company reduced their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Finally, Royal Bank of Canada reduced their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and an average price target of $147.57.

Toll Brothers Price Performance

TOL traded down $1.23 during midday trading on Friday, reaching $105.94. 3,337,315 shares of the company's stock were exchanged, compared to its average volume of 1,428,662. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock has a market capitalization of $10.58 billion, a PE ratio of 7.29, a P/E/G ratio of 1.02 and a beta of 1.77. The business's 50-day moving average price is $121.21 and its 200 day moving average price is $137.51. Toll Brothers, Inc. has a 1-year low of $102.49 and a 1-year high of $169.52.

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

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. Toll Brothers's payout ratio is 6.88%.

Toll Brothers Company Profile

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.