Algert Global LLC Reduces Position in Toll Brothers, Inc. (NYSE:TOL)

Algert Global LLC lowered its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 20.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,580 shares of the construction company's stock after selling 11,119 shares during the period. Algert Global LLC's holdings in Toll Brothers were worth $5,489,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. ORG Partners LLC acquired a new position in Toll Brothers during the fourth quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new position in Toll Brothers during the 4th quarter worth approximately $27,000. Promus Capital LLC bought a new position in Toll Brothers in the 4th quarter valued at approximately $29,000. IAG Wealth Partners LLC boosted its position in Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after buying an additional 238 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its stake in shares of Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Down 0.4 %

NYSE:TOL traded down $0.39 on Friday, hitting $103.49. The stock had a trading volume of 871,726 shares, compared to its average volume of 1,544,838. The company has a market cap of $10.34 billion, a PE ratio of 7.12, a P/E/G ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The business's fifty day moving average is $101.84 and its 200 day moving average is $125.20. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. On average, equities research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date was Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is presently 6.88%.

Wall Street Analyst Weigh In

Several equities analysts have commented on TOL shares. Keefe, Bruyette & Woods cut their price target on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. Bank of America decreased their price objective on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Wedbush reaffirmed an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research report on Friday, February 14th. Wells Fargo & Company cut their price objective on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Finally, Royal Bank of Canada reduced their target price on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus target price of $144.79.

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.