Toll Brothers, Inc. (NYSE:TOL) Shares Sold by LSV Asset Management

LSV Asset Management lessened its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 14.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,014,209 shares of the construction company's stock after selling 170,690 shares during the quarter. LSV Asset Management owned approximately 1.02% of Toll Brothers worth $127,740,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of TOL. FMR LLC raised its stake in Toll Brothers by 19.4% during the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after purchasing an additional 410,394 shares during the period. Geode Capital Management LLC raised its holdings 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 acquiring an additional 35,001 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Toll Brothers by 14.2% in the fourth quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock valued at $239,751,000 after purchasing an additional 236,402 shares in the last quarter. Jennison Associates LLC lifted its position in Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock valued at $154,449,000 after purchasing an additional 341,980 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Toll Brothers in the 4th quarter worth $149,924,000. Institutional investors own 91.76% of the company's stock.

Remove Ads

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

NYSE TOL traded up $0.49 on Monday, hitting $94.11. The company had a trading volume of 1,565,935 shares, compared to its average volume of 1,533,508. The company has a market capitalization of $9.40 billion, a PE ratio of 6.48, a PEG ratio of 1.02 and a beta of 1.48. The company's fifty day moving average price is $109.66 and its 200-day moving average price is $132.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month 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 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced 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. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. Toll Brothers's dividend payout ratio is presently 6.88%.

Wall Street Analyst Weigh In

TOL has been the topic of a number of analyst reports. UBS Group cut their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Barclays cut their price objective on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Citigroup decreased their price target on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods reduced their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. Finally, Wells Fargo & Company cut their price target on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus 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.