Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 28.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,199 shares of the construction company's stock after selling 26,525 shares during the period. Schroder Investment Management Group owned 0.07% of Toll Brothers worth $8,223,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Fiduciary Alliance LLC bought a new stake in Toll Brothers during the 4th quarter valued at $1,117,000. Franklin Resources Inc. boosted its position in Toll Brothers by 5.4% during the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock valued at $27,659,000 after purchasing an additional 9,195 shares in the last quarter. World Investment Advisors LLC purchased a new position in Toll Brothers in the third quarter valued at about $12,506,000. MML Investors Services LLC raised 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 worth $3,554,000 after purchasing an additional 4,209 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock valued at $154,449,000 after buying an additional 341,980 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.54% of the stock is owned by corporate insiders.

Remove Ads

Wall Street Analyst Weigh In

Several research analysts recently commented on TOL shares. Wells Fargo & Company reduced their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. StockNews.com raised Toll Brothers from a "sell" rating to a "hold" rating in a research report on Saturday. Barclays lowered their price objective on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research report on Tuesday. Citigroup reduced their target price on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Finally, Wedbush reissued an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $146.93.

Toll Brothers Stock Performance

TOL traded up $5.08 during trading on Wednesday, reaching $95.58. 6,395,512 shares of the company's stock were exchanged, compared to its average volume of 1,523,760. The company's fifty day simple moving average is $111.23 and its 200-day simple moving average is $133.03. The stock has a market capitalization of $9.55 billion, a P/E ratio of 6.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. 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, Inc. has a 1 year low of $86.67 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. Toll Brothers's dividend payout ratio is presently 6.88%.

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.