Envestnet Asset Management Inc. Trims Stake in Toll Brothers, Inc. (NYSE:TOL)

Envestnet Asset Management Inc. trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 14.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,373 shares of the construction company's stock after selling 5,377 shares during the period. Envestnet Asset Management Inc.'s holdings in Toll Brothers were worth $3,951,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of Toll Brothers during the 4th quarter worth $25,000. Lee Danner & Bass Inc. purchased a new stake in Toll Brothers in the 4th quarter worth about $27,000. Promus Capital LLC purchased a new stake in Toll Brothers in the 4th quarter worth about $29,000. IAG Wealth Partners LLC increased 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 worth $33,000 after acquiring an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its holdings in Toll Brothers by 806.5% in the 4th 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. 91.76% of the stock is currently owned by institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business's 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 transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The transaction 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 owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TOL shares. UBS Group decreased their price objective on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Oppenheimer decreased their price objective on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Wells Fargo & Company decreased their price objective on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Wedbush reaffirmed an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods reduced their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus price target of $144.79.

Toll Brothers Trading Down 0.6 %

Shares of TOL stock traded down $0.64 on Tuesday, hitting $100.48. 1,020,080 shares of the company's stock traded hands, compared to its average volume of 1,544,574. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52. The company's fifty day simple moving average is $103.07 and its 200 day simple moving average is $127.59. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 6.92, a P/E/G ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL - Get Free Report) last released 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). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Equities analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

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.