Consolidated Capital Management LLC Has $3.35 Million Holdings in Toll Brothers Inc. (NYSE:TOL)

Consolidated Capital Management LLC decreased its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 15.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,751 shares of the construction company's stock after selling 5,780 shares during the quarter. Toll Brothers accounts for about 1.4% of Consolidated Capital Management LLC's investment portfolio, making the stock its 26th largest holding. Consolidated Capital Management LLC's holdings in Toll Brothers were worth $3,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Toll Brothers by 57.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 49,536 shares of the construction company's stock worth $5,231,000 after purchasing an additional 18,163 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of Toll Brothers during the 1st quarter worth about $227,000. Generali Investments CEE investicni spolecnost a.s. raised its stake in shares of Toll Brothers by 9.5% during the 1st quarter. Generali Investments CEE investicni spolecnost a.s. now owns 8,100 shares of the construction company's stock worth $855,000 after purchasing an additional 700 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in shares of Toll Brothers during the 1st quarter worth about $15,830,000. Finally, Aviance Capital Partners LLC raised its stake in shares of Toll Brothers by 23.4% during the 1st quarter. Aviance Capital Partners LLC now owns 19,398 shares of the construction company's stock worth $2,048,000 after purchasing an additional 3,674 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TOL shares. Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Evercore ISI reaffirmed an "outperform" rating and set a $169.00 price target (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Barclays reissued an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Keefe, Bruyette & Woods lowered their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. Finally, Raymond James Financial reissued a "strong-buy" rating and set a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus target price of $141.85.

Toll Brothers Stock Performance

TOL traded up $0.81 during midday trading on Tuesday, reaching $117.12. The company's stock had a trading volume of 1,297,614 shares, compared to its average volume of 1,601,077. The stock has a market cap of $11.50 billion, a P/E ratio of 8.69, a PEG ratio of 1.23 and a beta of 1.36. The company has a fifty day simple moving average of $107.81 and a 200 day simple moving average of $112.72. 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 twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The company's revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.38 EPS. Research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Friday, July 11th. Toll Brothers's payout ratio is presently 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.