Bank of New York Mellon Corp Has $110.67 Million Holdings in Toll Brothers Inc. (NYSE:TOL)

Bank of New York Mellon Corp lowered its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 3.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,048,089 shares of the construction company's stock after selling 32,043 shares during the period. Bank of New York Mellon Corp owned about 1.05% of Toll Brothers worth $110,668,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Generali Investments CEE investicni spolecnost a.s. boosted its stake in Toll Brothers by 9.5% during the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 8,100 shares of the construction company's stock worth $855,000 after buying an additional 700 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Toll Brothers in the 1st quarter valued at $15,830,000. Aviance Capital Partners LLC boosted its stake in shares of Toll Brothers by 23.4% in the 1st quarter. Aviance Capital Partners LLC now owns 19,398 shares of the construction company's stock valued at $2,048,000 after purchasing an additional 3,674 shares in the last quarter. Rossby Financial LCC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at $277,000. Finally, BLB&B Advisors LLC boosted its stake in shares of Toll Brothers by 73.9% in the 1st quarter. BLB&B Advisors LLC now owns 34,523 shares of the construction company's stock valued at $3,645,000 after purchasing an additional 14,673 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Price Performance

NYSE TOL traded down $1.65 on Friday, hitting $120.98. 1,766,657 shares of the company were exchanged, compared to its average volume of 1,611,692. The firm has a 50 day moving average of $109.33 and a two-hundred day moving average of $112.73. The company has a market cap of $11.88 billion, a P/E ratio of 8.97, a P/E/G ratio of 1.28 and a beta of 1.36. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52.

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. The business had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.38 EPS. On average, equities analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. Toll Brothers's payout ratio is presently 7.42%.

Analysts Set New Price Targets

Several brokerages have recently commented on TOL. UBS Group restated a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Keefe, Bruyette & Woods reduced their target price on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 20th. Evercore ISI restated an "outperform" rating and issued a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada reduced their target price on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of "Moderate Buy" and an average target price of $141.85.

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.