Allianz Asset Management GmbH Sells 123,444 Shares of Toll Brothers Inc. (NYSE:TOL)

Allianz Asset Management GmbH reduced its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 351,695 shares of the construction company's stock after selling 123,444 shares during the period. Allianz Asset Management GmbH owned about 0.35% of Toll Brothers worth $37,135,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Greenhaven Associates Inc. lifted its position in Toll Brothers by 0.5% in the 1st quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company's stock valued at $587,353,000 after purchasing an additional 26,079 shares during the last quarter. FMR LLC lifted its position in Toll Brothers by 19.4% in the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after purchasing an additional 410,394 shares during the last quarter. Geode Capital Management LLC lifted its position in Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock valued at $276,263,000 after purchasing an additional 35,001 shares during the last quarter. Invesco Ltd. lifted its position in Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock valued at $239,751,000 after purchasing an additional 236,402 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Toll Brothers by 24.6% in the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock valued at $153,234,000 after purchasing an additional 239,917 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada dropped their price target on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Raymond James Financial restated a "strong-buy" rating and set a $130.00 price target (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. UBS Group restated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $141.85.

Insider Buying and Selling

In related news, CAO Michael J. Grubb sold 500 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at approximately $292,680. This represents a 17.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Stephen F. East sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total value of $288,325.00. Following the sale, the director directly owned 12,787 shares of the company's stock, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,770 shares of company stock valued at $440,586. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Price Performance

Shares of NYSE:TOL traded down $4.12 on Thursday, hitting $122.63. The stock had a trading volume of 1,726,772 shares, compared to its average volume of 1,690,153. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. The firm's 50 day moving average price is $111.66 and its 200-day moving average price is $112.34. The company has a market capitalization of $12.04 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.32 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company earned $3.38 EPS. The firm's quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Friday, July 11th will be given a $0.25 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.82%. Toll Brothers's dividend payout ratio is 7.42%.

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.