Alyeska Investment Group L.P. Sells 78,180 Shares of Toll Brothers, Inc. (NYSE:TOL)

Alyeska Investment Group L.P. trimmed its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 65.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,109 shares of the construction company's stock after selling 78,180 shares during the quarter. Alyeska Investment Group L.P.'s holdings in Toll Brothers were worth $5,178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of TOL. ORG Partners LLC acquired a new position in shares of Toll Brothers in the fourth quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new position in Toll Brothers in the 4th quarter valued at about $27,000. Promus Capital LLC acquired a new position in Toll Brothers in the 4th quarter valued at about $29,000. IAG Wealth Partners LLC raised its holdings in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after acquiring an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. lifted its position in 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 acquiring an additional 250 shares during the last quarter. Institutional investors own 91.76% of the company's stock.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Performance

Shares of TOL opened at $103.93 on Tuesday. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm's fifty day simple moving average is $102.30 and its two-hundred day simple moving average is $125.88. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The stock has a market capitalization of $10.38 billion, a P/E ratio of 7.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45.

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

Toll Brothers Increases Dividend

The business also recently announced 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 0.96%. The ex-dividend date was Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is presently 6.88%.

Analysts Set New Price Targets

A number of brokerages have commented on TOL. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. The Goldman Sachs Group dropped their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company decreased their target price on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. StockNews.com downgraded shares of Toll Brothers from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. Finally, Keefe, Bruyette & Woods reduced their price target on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus target price of $144.79.

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.

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