Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,132 shares of the construction company's stock after selling 15,737 shares during the quarter. Gateway Investment Advisers LLC owned approximately 0.13% of Toll Brothers worth $15,760,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale grew its stake in Toll Brothers by 17.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 8,791 shares of the construction company's stock worth $1,009,000 after acquiring an additional 1,334 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Toll Brothers by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 27,243 shares of the construction company's stock valued at $3,138,000 after purchasing an additional 1,162 shares during the period. Axxcess Wealth Management LLC increased its holdings in Toll Brothers by 4.6% during the 2nd quarter. Axxcess Wealth Management LLC now owns 9,696 shares of the construction company's stock worth $1,117,000 after purchasing an additional 428 shares during the period. Mutual of America Capital Management LLC increased its holdings in Toll Brothers by 2.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 63,821 shares of the construction company's stock worth $7,351,000 after purchasing an additional 1,682 shares during the period. Finally, E Fund Management Co. Ltd. raised its position in Toll Brothers by 118.1% during the 2nd quarter. E Fund Management Co. Ltd. now owns 4,758 shares of the construction company's stock valued at $548,000 after purchasing an additional 2,576 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Up 0.8 %

NYSE TOL traded up $1.09 during trading on Friday, hitting $135.40. The company's stock had a trading volume of 1,416,842 shares, compared to its average volume of 1,394,892. Toll Brothers, Inc. has a fifty-two week low of $95.46 and a fifty-two week high of $169.52. The company has a market cap of $13.55 billion, a PE ratio of 9.01, a P/E/G ratio of 0.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The business's 50 day simple moving average is $141.72 and its 200-day simple moving average is $140.70.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. Toll Brothers's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.11 EPS. On average, equities analysts anticipate that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers's payout ratio is 6.12%.

Analysts Set New Price Targets

Several equities analysts have recently commented on TOL shares. Wedbush restated an "outperform" rating and set a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, December 11th. Wells Fargo & Company raised their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research report on Friday, September 27th. UBS Group reduced their price target on shares of Toll Brothers from $192.00 to $185.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Citigroup dropped their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Finally, Bank of America boosted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and an average target price of $156.64.

Insider Buying and Selling

In related news, Director Christine Garvey sold 204 shares of the business's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the company's 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 completion of the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock valued at $1,947,436 over the last quarter. 1.54% of the stock is currently owned by company insiders.

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.