Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC decreased its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 65.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,860 shares of the construction company's stock after selling 18,640 shares during the quarter. Bridgeway Capital Management LLC's holdings in Toll Brothers were worth $1,242,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC raised its holdings in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after acquiring an additional 75 shares in the last quarter. Nilsine Partners LLC increased its holdings in shares of Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock valued at $2,433,000 after purchasing an additional 88 shares during the period. Insigneo Advisory Services LLC raised its position in Toll Brothers by 4.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock worth $251,000 after buying an additional 89 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock valued at $227,000 after buying an additional 100 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Toll Brothers by 1.7% during the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock worth $762,000 after acquiring an additional 100 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

NYSE TOL traded down $4.31 on Wednesday, hitting $105.05. 1,943,110 shares of the company's stock were exchanged, compared to its average volume of 1,553,444. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The firm's 50-day moving average price is $101.66 and its two-hundred day moving average price is $124.18. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

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

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.25 dividend. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, April 11th. Toll Brothers's dividend payout ratio is currently 6.88%.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction 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 trade 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 can be accessed through the SEC website. 1.54% of the stock is currently owned by insiders.

Analyst Ratings Changes

TOL has been the topic of a number of recent analyst reports. Bank of America lowered their price target on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. UBS Group lowered their price objective on Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. The Goldman Sachs Group lowered their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. StockNews.com upgraded Toll Brothers from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, Royal Bank of Canada cut their price target 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 issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Toll Brothers presently has a consensus 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.