Toll Brothers, Inc. (NYSE:TOL) Position Cut by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 9.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 259,722 shares of the construction company’s stock after selling 26,893 shares during the period. Fisher Asset Management LLC owned 0.25% of Toll Brothers worth $26,697,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Voss Capital LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $8,223,000. Jennison Associates LLC raised its stake in Toll Brothers by 41.2% during the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after acquiring an additional 243,553 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in Toll Brothers by 87.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock worth $2,687,000 after acquiring an additional 16,993 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Toll Brothers by 11.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock worth $52,522,000 after purchasing an additional 54,384 shares in the last quarter. Finally, Natixis Advisors L.P. increased its holdings in shares of Toll Brothers by 21.6% during the third quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company’s stock valued at $993,000 after purchasing an additional 2,386 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the transaction, the chief executive officer now owns 346,382 shares in the company, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,500 shares of company stock worth $7,881,930. 1.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 target price for the company in a research report on Monday, January 8th. Citigroup raised their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. The Goldman Sachs Group upped their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research report on Thursday, February 22nd. Keefe, Bruyette & Woods increased their price target on Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Finally, Oppenheimer boosted their price objective on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

Toll Brothers Trading Up 2.0 %

Shares of Toll Brothers stock opened at $123.63 on Friday. Toll Brothers, Inc. has a 1 year low of $62.26 and a 1 year high of $130.63. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.03 and a beta of 1.67. The company’s fifty day simple moving average is $120.36 and its 200-day simple moving average is $102.42. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company posted $1.70 earnings per share. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

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

Toll Brothers Company 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.