Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Altshuler Shaham Ltd

Altshuler Shaham Ltd cut its position in Toll Brothers, Inc. (NYSE:TOL) by 36.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 472 shares of the construction company’s stock after selling 269 shares during the period. Altshuler Shaham Ltd’s holdings in Toll Brothers were worth $49,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Castleview Partners LLC acquired a new position in Toll Brothers during the third quarter worth $37,000. Baker Avenue Asset Management LP raised its position in Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares during the period. Fifth Third Bancorp raised its position in Toll Brothers by 26.1% in the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after purchasing an additional 156 shares during the period. GAMMA Investing LLC purchased a new stake in Toll Brothers in the fourth quarter valued at $76,000. Finally, Western Pacific Wealth Management LP raised its position in Toll Brothers by 103.3% in the third quarter. Western Pacific Wealth Management LP now owns 1,220 shares of the construction company’s stock valued at $90,000 after purchasing an additional 620 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the transaction, the chief financial officer now owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the transaction, the chief financial officer now owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 66,500 shares of company stock worth $7,881,930. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

TOL traded up $2.43 on Thursday, hitting $126.48. 1,535,596 shares of the company were exchanged, compared to its average volume of 1,352,401. 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 fifty day moving average is $121.21 and its 200 day moving average is $103.60. Toll Brothers, Inc. has a fifty-two week low of $63.34 and a fifty-two week high of $130.63. The firm has a market capitalization of $13.18 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67.

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

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.73%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio (DPR) is 7.11%.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of research analyst reports. Oppenheimer lifted their target price on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Wells Fargo & Company boosted their price objective on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. boosted their price objective on Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Barclays boosted their price objective on Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a report on Monday, February 26th. Finally, The Goldman Sachs Group boosted their price objective on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a report on Thursday, February 22nd. Two equities 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 company. 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.