Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Distillate Capital Partners LLC

Distillate Capital Partners LLC lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 48.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,856 shares of the construction company's stock after selling 118,156 shares during the quarter. Distillate Capital Partners LLC owned about 0.13% of Toll Brothers worth $16,103,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Toll Brothers by 19.4% in the fourth 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 increased its stake in Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock valued at $276,263,000 after buying an additional 35,001 shares during the period. Invesco Ltd. raised its position in Toll Brothers by 14.2% during the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock worth $239,751,000 after buying an additional 236,402 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Toll Brothers by 38.7% in the 4th 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. Finally, Norges Bank purchased a new stake in shares of Toll Brothers in the fourth quarter valued at about $149,924,000. Institutional investors and hedge funds own 91.76% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have issued reports on TOL shares. Oppenheimer dropped 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. The Goldman Sachs Group dropped their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. StockNews.com upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Saturday, April 5th. Wedbush reiterated an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $144.79.

Toll Brothers Price Performance

NYSE:TOL traded down $0.21 during trading hours on Tuesday, reaching $94.00. 1,111,379 shares of the company traded hands, compared to its average volume of 1,532,771. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The stock has a market cap of $9.39 billion, a P/E ratio of 6.47, a P/E/G ratio of 1.02 and a beta of 1.48. The firm's 50-day moving average is $108.07 and its 200-day moving average is $131.39. 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 (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Equities research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, April 11th. Toll Brothers's payout ratio is presently 6.88%.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the company's stock in a transaction dated 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 transaction, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.54% of the stock is currently owned by insiders.

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.