Russell Investments Group Ltd. Cuts Stake in Toll Brothers, Inc. (NYSE:TOL)

Russell Investments Group Ltd. cut its stake in Toll Brothers, Inc. (NYSE:TOL) by 31.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,986 shares of the construction company’s stock after selling 77,477 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.16% of Toll Brothers worth $17,413,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC increased its position in shares of Toll Brothers by 82.1% during the third quarter. SG Americas Securities LLC now owns 2,724 shares of the construction company’s stock worth $201,000 after purchasing an additional 1,228 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Toll Brothers by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 40,802 shares of the construction company’s stock valued at $3,018,000 after buying an additional 1,780 shares during the last quarter. Xponance Inc. lifted its stake in shares of Toll Brothers by 2.4% in the third quarter. Xponance Inc. now owns 13,145 shares of the construction company’s stock worth $972,000 after buying an additional 308 shares in the last quarter. Raymond James & Associates boosted its position in Toll Brothers by 15.0% during the third quarter. Raymond James & Associates now owns 103,594 shares of the construction company’s stock worth $7,662,000 after acquiring an additional 13,519 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Toll Brothers by 117.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 59,829 shares of the construction company’s stock worth $4,425,000 after acquiring an additional 32,314 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Up 2.0 %

Shares of NYSE TOL opened at $123.63 on Friday. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average is $120.36 and its two-hundred day moving average is $102.21. Toll Brothers, Inc. has a 52-week low of $62.26 and a 52-week high of $130.63. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.01 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts predict that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Thursday, April 4th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio is currently 7.11%.

Insider Activity

In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now directly owns 34,069 shares in the company, valued at approximately $4,020,823.38. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the transaction, the chief financial officer now directly owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now owns 34,069 shares in the company, valued at $4,020,823.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Barclays upped their target price on Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a report on Monday, February 26th. Seaport Res Ptn lowered Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Wells Fargo & Company upped their price objective on shares of Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective for the company in a research report on Monday, January 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

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.