Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans boosted its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 15.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,979 shares of the construction company's stock after buying an additional 4,335 shares during the period. Thrivent Financial for Lutherans' holdings in Toll Brothers were worth $4,097,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of TOL. Fiduciary Alliance LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $1,117,000. Franklin Resources Inc. boosted its holdings in Toll Brothers by 5.4% during the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock worth $27,659,000 after buying an additional 9,195 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Toll Brothers during the third quarter valued at $12,506,000. MML Investors Services LLC increased its holdings in Toll Brothers by 22.4% in the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company's stock valued at $3,554,000 after buying an additional 4,209 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Toll Brothers by 38.7% in the fourth 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 period. 91.76% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 20,618 shares of the company's stock, valued at $2,599,311.26. This trade represents a 35.08 % 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, Director Christine Garvey sold 420 shares of the business'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 disclosure for this sale can be found here. Insiders sold a total of 11,764 shares of company stock valued at $1,476,523 over the last quarter. 1.54% of the stock is owned by insiders.

Toll Brothers Trading Down 3.4 %

NYSE:TOL traded down $3.66 during trading hours on Friday, hitting $105.15. The company had a trading volume of 1,305,692 shares, compared to its average volume of 1,468,280. Toll Brothers, Inc. has a 1 year low of $102.49 and a 1 year high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $118.90 and a 200 day moving average of $136.45. The company has a market cap of $10.50 billion, a P/E ratio of 7.24, a P/E/G ratio of 1.02 and a beta of 1.77.

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 (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm 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%. Sell-side analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.95%. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers's dividend payout ratio is presently 6.88%.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of analyst reports. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research report on Friday, February 14th. The Goldman Sachs Group cut their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Oppenheimer decreased their target price on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada dropped their price target on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $147.57.

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.