Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Omnia Family Wealth LLC

Omnia Family Wealth LLC cut its position in Toll Brothers, Inc. (NYSE:TOL) by 64.5% during the fourth quarter, Holdings Channel reports. The firm owned 2,114 shares of the construction company’s stock after selling 3,849 shares during the period. Omnia Family Wealth LLC’s holdings in Toll Brothers were worth $217,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. AQR Capital Management LLC boosted its position in Toll Brothers by 6.0% during the third quarter. AQR Capital Management LLC now owns 2,467,336 shares of the construction company’s stock worth $182,484,000 after purchasing an additional 139,004 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Toll Brothers by 12.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock valued at $209,853,000 after acquiring an additional 225,354 shares in the last quarter. Bamco Inc. NY lifted its position in shares of Toll Brothers by 0.7% in the third quarter. Bamco Inc. NY now owns 1,784,965 shares of the construction company’s stock valued at $132,016,000 after acquiring an additional 12,520 shares in the last quarter. Invesco Ltd. lifted its position in shares of Toll Brothers by 105.7% in the third quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock valued at $111,216,000 after acquiring an additional 772,849 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Toll Brothers by 26.9% in the third quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company’s stock valued at $110,294,000 after acquiring an additional 316,100 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wolfe Research raised Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target for the company in a report on Monday, January 8th. Wells Fargo & Company increased their price target on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a 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 report on Wednesday, February 28th. Barclays raised their target price on Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. Finally, Oppenheimer raised their target price 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 research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $113.80.

Toll Brothers Trading Up 2.4 %

Shares of NYSE TOL traded up $2.86 during trading on Friday, reaching $120.22. The stock had a trading volume of 735,437 shares, compared to its average volume of 1,083,275. Toll Brothers, Inc. has a fifty-two week low of $61.70 and a fifty-two week high of $130.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The business’s 50-day moving average price is $118.95 and its 200-day moving average price is $100.72. The company has a market cap of $12.52 billion, a P/E ratio of 9.29, a PEG ratio of 1.00 and a beta of 1.66.

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

Toll Brothers Increases Dividend

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

Insider Activity at Toll Brothers

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

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.