Toll Brothers, Inc. (NYSE:TOL) Stake Lessened by Headlands Technologies LLC

Headlands Technologies LLC trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 66.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 833 shares of the construction company’s stock after selling 1,662 shares during the period. Headlands Technologies LLC’s holdings in Toll Brothers were worth $86,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in TOL. Invesco Ltd. boosted its holdings in Toll Brothers by 105.7% during the third quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock worth $111,216,000 after buying an additional 772,849 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in Toll Brothers in the 3rd quarter worth approximately $48,457,000. Acadian Asset Management LLC boosted its stake in Toll Brothers by 26.9% in the 3rd quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company’s stock worth $110,294,000 after purchasing an additional 316,100 shares during the period. Qube Research & Technologies Ltd boosted its stake in Toll Brothers by 157.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 509,177 shares of the construction company’s stock worth $37,659,000 after purchasing an additional 311,092 shares during the period. Finally, Jennison Associates LLC boosted its stake in Toll Brothers by 41.2% in the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock worth $85,819,000 after purchasing an additional 243,553 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Down 2.0 %

Toll Brothers stock opened at $119.15 on Wednesday. The company has a market capitalization of $12.41 billion, a P/E ratio of 9.21, a P/E/G ratio of 1.01 and a beta of 1.66. The firm’s fifty day simple moving average is $119.65 and its 200-day simple moving average is $101.59. 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, Inc. has a 1-year low of $61.70 and a 1-year high of $130.63.

Toll Brothers (NYSE:TOL) last posted its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the business posted $1.70 EPS. Toll Brothers’s revenue was up 9.4% compared to the same quarter last year. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.77%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, April 4th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.11%.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now owns 49,721 shares in the company, valued at $5,770,122.05. The disclosure for this sale can be found here. Insiders have sold 66,500 shares of company stock worth $7,881,930 in the last ninety days. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Oppenheimer raised their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Citigroup raised their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. The Goldman Sachs Group increased their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research report on Thursday, February 22nd. Finally, Seaport Res Ptn downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. 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. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $113.80.

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.