Citigroup Inc. Buys 28,606 Shares of Toll Brothers Inc. (NYSE:TOL)

Citigroup Inc. lifted its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 19.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 178,233 shares of the construction company's stock after buying an additional 28,606 shares during the period. Citigroup Inc. owned approximately 0.18% of Toll Brothers worth $18,820,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Trail Ridge Investment Advisors LLC boosted its position in shares of Toll Brothers by 0.5% during the first quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company's stock valued at $2,706,000 after buying an additional 132 shares during the last quarter. Left Brain Wealth Management LLC purchased a new stake in shares of Toll Brothers during the first quarter valued at $317,000. MQS Management LLC purchased a new stake in shares of Toll Brothers during the first quarter valued at $649,000. Financial Security Advisor Inc. purchased a new stake in shares of Toll Brothers during the first quarter valued at $231,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in shares of Toll Brothers during the first quarter valued at $227,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

TOL traded down $0.47 on Friday, hitting $130.54. 1,542,174 shares of the company's stock traded hands, compared to its average volume of 1,388,403. The company's 50 day simple moving average is $118.34 and its 200-day simple moving average is $111.38. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 1.36 and a beta of 1.33. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52. 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 (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $3.38 EPS. As a group, research analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.8%. Toll Brothers's payout ratio is presently 7.42%.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of Toll Brothers 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 owned 12,787 shares of the company's stock, valued at $1,474,724.71. The trade was a 16.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the sale, the director directly owned 11,590 shares in the company, valued at approximately $1,388,713.80. The trade was a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,770 shares of company stock valued at $440,586 in the last quarter. 1.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TOL shares. Royal Bank Of Canada lowered their target price on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Wells Fargo & Company increased their target price on Toll Brothers from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group reissued a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Evercore ISI reissued an "outperform" rating and issued a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Finally, Wedbush cut their price objective on shares of Toll Brothers from $175.00 to $165.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a sell rating, five have assigned 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.46.

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.