Mercer Global Advisors Inc. ADV Reduces Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Mercer Global Advisors Inc. ADV cut its stake in Toll Brothers, Inc. (NYSE:TOL – Get Rating) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,600 shares of the construction company’s stock after selling 439 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Toll Brothers were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in TOL. American Century Companies Inc. grew its position in shares of Toll Brothers by 43.9% in the first quarter. American Century Companies Inc. now owns 28,381 shares of the construction company’s stock valued at $1,334,000 after purchasing an additional 8,663 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Toll Brothers by 34.5% in the first quarter. MetLife Investment Management LLC now owns 74,581 shares of the construction company’s stock valued at $3,507,000 after acquiring an additional 19,135 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in Toll Brothers by 7.9% in the first quarter. Panagora Asset Management Inc. now owns 6,592 shares of the construction company’s stock valued at $310,000 after acquiring an additional 480 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Toll Brothers by 8.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,183 shares of the construction company’s stock valued at $1,936,000 after acquiring an additional 3,249 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Toll Brothers by 9.0% in the first quarter. Great West Life Assurance Co. Can now owns 64,890 shares of the construction company’s stock valued at $3,138,000 after acquiring an additional 5,333 shares during the last quarter. 82.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Raymond James upped their price objective on Toll Brothers from $61.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Oppenheimer upped their price objective on Toll Brothers from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, February 24th. Royal Bank of Canada restated a “sector perform” rating and set a $55.00 price target on shares of Toll Brothers in a research note on Thursday, February 23rd. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, UBS Group upped their price target on Toll Brothers from $65.00 to $73.00 and gave the stock a “buy” rating in a research note on Thursday, February 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.09.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 2,980 shares of the stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $60.13, for a total value of $179,187.40. Following the transaction, the director now owns 8,284 shares of the company’s stock, valued at $498,116.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Christine Garvey sold 2,980 shares of the stock in a transaction on Wednesday, April 12th. The stock was sold at an average price of $60.13, for a total value of $179,187.40. Following the transaction, the director now owns 8,284 shares of the company’s stock, valued at $498,116.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 1,000 shares of the stock in a transaction on Thursday, February 23rd. The shares were sold at an average price of $58.38, for a total value of $58,380.00. Following the completion of the transaction, the director now directly owns 136,098 shares in the company, valued at approximately $7,945,401.24. The disclosure for this sale can be found here. Insiders have sold 14,105 shares of company stock valued at $831,824 over the last quarter. 1.79% of the stock is owned by insiders.

Toll Brothers Stock Down 1.7 %

Shares of NYSE TOL opened at $66.36 on Monday. The stock has a market cap of $7.35 billion, a P/E ratio of 5.76, a PEG ratio of 0.70 and a beta of 1.38. The company has a current ratio of 5.59, a quick ratio of 0.78 and a debt-to-equity ratio of 0.52. Toll Brothers, Inc. has a 12-month low of $39.53 and a 12-month high of $67.54. The business’s fifty day simple moving average is $61.12 and its 200-day simple moving average is $55.67.

Toll Brothers (NYSE:TOL – Get Rating) last announced its quarterly earnings data on Wednesday, February 22nd. The construction company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.33. The business had revenue of $1.78 billion for the quarter, compared to analysts’ expectations of $1.74 billion. Toll Brothers had a return on equity of 21.02% and a net margin of 12.92%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the firm earned $1.24 earnings per share. As a group, equities analysts predict that Toll Brothers, Inc. will post 8.66 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 21st. Investors of record on Thursday, April 6th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Wednesday, April 5th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.20. Toll Brothers’s dividend payout ratio is 7.29%.

About Toll Brothers

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.