Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in Toll Brothers, Inc. (NYSE:TOL – Get Rating) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,093 shares of the construction company’s stock after selling 578 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Toll Brothers were worth $903,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Glassy Mountain Advisors Inc. acquired a new position in shares of Toll Brothers in the 4th quarter valued at $37,000. Accurate Wealth Management LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at $50,000. Quadrant Capital Group LLC boosted its holdings in shares of Toll Brothers by 109.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,331 shares of the construction company’s stock valued at $56,000 after purchasing an additional 697 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in shares of Toll Brothers by 42.1% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,350 shares of the construction company’s stock valued at $63,000 after purchasing an additional 400 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Toll Brothers by 120.5% in the 1st quarter. Covestor Ltd now owns 1,495 shares of the construction company’s stock valued at $70,000 after purchasing an additional 817 shares during the last quarter. Institutional investors and hedge funds own 82.74% of the company’s stock.

Toll Brothers Price Performance

TOL opened at $64.70 on Tuesday. The company has a 50-day moving average of $61.12 and a 200-day moving average of $55.77. The company has a market capitalization of $7.16 billion, a P/E ratio of 5.61, a PEG ratio of 0.70 and a beta of 1.38. Toll Brothers, Inc. has a 1-year low of $39.53 and a 1-year high of $67.54. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 5.59.

Toll Brothers (NYSE:TOL – Get Rating) last released its earnings results on Wednesday, February 22nd. The construction company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.33. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.74 billion. Toll Brothers had a net margin of 12.92% and a return on equity of 21.02%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.24 EPS. Equities analysts expect that Toll Brothers, Inc. will post 8.66 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were given a $0.21 dividend. The ex-dividend date was Wednesday, April 5th. This represents a $0.84 annualized dividend and a dividend yield of 1.30%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.20. Toll Brothers’s payout ratio is presently 7.29%.

Analysts Set New Price Targets

TOL has been the topic of a number of research reports. UBS Group raised their target price on shares of Toll Brothers from $65.00 to $73.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $55.00 target price on shares of Toll Brothers in a research note on Thursday, February 23rd. Raymond James raised their target price on shares of Toll Brothers from $61.00 to $67.00 and gave the company an “outperform” rating in a research note on Thursday, February 23rd. Bank of America raised their target price on shares of Toll Brothers from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 23rd. Finally, Oppenheimer raised their target price on shares of Toll Brothers from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $60.09.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 2,980 shares of Toll Brothers stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $60.13, for a total value of $179,187.40. Following the completion of the transaction, the director now directly owns 8,284 shares of the company’s stock, valued at approximately $498,116.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Christine Garvey sold 2,980 shares of Toll Brothers stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $60.13, for a total value of $179,187.40. Following the completion of the transaction, the director now directly owns 8,284 shares of the company’s stock, valued at approximately $498,116.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul E. Shapiro sold 1,000 shares of Toll Brothers stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $58.38, for a total transaction of $58,380.00. Following the completion of the transaction, the director now directly owns 136,098 shares of the company’s stock, valued at $7,945,401.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,105 shares of company stock valued at $831,824. Insiders own 1.79% of the company’s stock.

Toll Brothers Profile

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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.