Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Bamco Inc. NY

Bamco Inc. NY reduced its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 47.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 473,968 shares of the construction company's stock after selling 423,535 shares during the period. Bamco Inc. NY owned about 0.47% of Toll Brothers worth $59,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the business. ORG Partners LLC acquired a new position in shares of Toll Brothers during the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. purchased a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $27,000. Promus Capital LLC purchased a new stake in shares of Toll Brothers during the 4th quarter valued at approximately $29,000. IAG Wealth Partners LLC lifted its holdings 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 acquiring an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its stake 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. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insiders Place Their Bets

In related news, Director Christine Garvey sold 420 shares of the firm's 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 sale, the director now owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Down 0.4 %

Shares of TOL traded down $0.39 during trading on Friday, reaching $103.49. The company's stock had a trading volume of 871,726 shares, compared to its average volume of 1,544,838. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 1.02 and a beta of 1.45. The company has a fifty day moving average of $101.74 and a two-hundred day moving average of $124.90.

Toll Brothers (NYSE:TOL - Get Free Report) last posted 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 during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, sell-side analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a $0.25 dividend. 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 of this dividend was Friday, April 11th. Toll Brothers's payout ratio is 6.88%.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Oppenheimer reduced their price objective on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Bank of America dropped their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Finally, Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.