Royce & Associates LP Decreases Holdings in Toll Brothers, Inc. (NYSE:TOL)

Royce & Associates LP lessened its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 11.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 48,368 shares of the construction company's stock after selling 6,016 shares during the period. Royce & Associates LP's holdings in Toll Brothers were worth $6,092,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of TOL. Atria Investments Inc lifted its position in shares of Toll Brothers by 22.2% in the 3rd quarter. Atria Investments Inc now owns 2,569 shares of the construction company's stock worth $397,000 after purchasing an additional 466 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in Toll Brothers by 59.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,950 shares of the construction company's stock valued at $1,074,000 after acquiring an additional 2,600 shares during the last quarter. KBC Group NV lifted its position in Toll Brothers by 18.2% during the third quarter. KBC Group NV now owns 2,827 shares of the construction company's stock valued at $437,000 after acquiring an additional 436 shares during the last quarter. CIBC Asset Management Inc lifted its position in Toll Brothers by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company's stock valued at $472,000 after acquiring an additional 109 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in Toll Brothers by 133.2% during the third quarter. Natixis Advisors LLC now owns 53,521 shares of the construction company's stock valued at $8,269,000 after acquiring an additional 30,566 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

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Toll Brothers Stock Performance

Shares of NYSE:TOL traded down $1.23 during midday trading on Friday, reaching $105.94. The company's stock had a trading volume of 3,337,315 shares, compared to its average volume of 1,428,662. The firm 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. Toll Brothers, Inc. has a twelve month low of $102.49 and a twelve month high of $169.52. The stock has a fifty day moving average of $121.21 and a 200 day moving average of $137.51. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The business had revenue of $1.86 billion during 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%. On average, equities analysts expect 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. Investors 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 yield of 0.94%. Toll Brothers's dividend payout ratio is 6.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Oppenheimer decreased their target price on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Bank of America decreased their target price 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. The Goldman Sachs Group cut their price target on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Evercore ISI upped their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, UBS Group cut their price target 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. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $147.57.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The shares were 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 directly owns 20,618 shares of the company's stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,785 shares of company stock valued at $1,479,185. Corporate insiders own 1.54% of the company's stock.

Toll Brothers 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.