Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 58.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,984 shares of the construction company's stock after selling 17,027 shares during the period. Prudential Financial Inc.'s holdings in Toll Brothers were worth $1,509,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new stake in Toll Brothers in the fourth quarter valued at $25,000. Lee Danner & Bass Inc. purchased a new position in Toll Brothers during the fourth quarter worth about $27,000. Promus Capital LLC purchased a new position in Toll Brothers during the fourth quarter worth about $29,000. IAG Wealth Partners LLC boosted its holdings in Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after purchasing an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its holdings in Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Price Performance

Shares of NYSE:TOL traded down $1.71 during midday trading on Thursday, reaching $93.79. 318,921 shares of the company were exchanged, compared to its average volume of 1,519,225. The stock has a market cap of $9.37 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The business's fifty day moving average is $111.23 and its two-hundred day moving average is $133.03. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52.

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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 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 analysts' expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. 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. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.07%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. Toll Brothers's dividend payout ratio is presently 6.88%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. UBS Group dropped their target price on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Evercore ISI upped their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. StockNews.com raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Saturday, April 5th. Wells Fargo & Company decreased their price target on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Finally, Barclays dropped their price target on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $146.93.

Insider Activity

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

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.