D.A. Davidson & CO. Has $605,000 Stock Holdings in Toll Brothers Inc. (NYSE:TOL)

D.A. Davidson & CO. decreased its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 29.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,726 shares of the construction company's stock after selling 2,442 shares during the period. D.A. Davidson & CO.'s holdings in Toll Brothers were worth $605,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Spire Wealth Management increased its stake in Toll Brothers by 57.2% during the 1st quarter. Spire Wealth Management now owns 544 shares of the construction company's stock valued at $57,000 after buying an additional 198 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Toll Brothers by 16.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,411 shares of the construction company's stock worth $1,205,000 after purchasing an additional 1,582 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Toll Brothers by 56.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 21,974 shares of the construction company's stock worth $2,320,000 after purchasing an additional 7,908 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Toll Brothers by 1.6% in the 1st quarter. State of Alaska Department of Revenue now owns 11,706 shares of the construction company's stock worth $1,236,000 after purchasing an additional 190 shares during the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Toll Brothers by 83.0% in the 1st quarter. UMB Bank n.a. now owns 950 shares of the construction company's stock worth $100,000 after purchasing an additional 431 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Down 1.3%

Shares of TOL stock traded down $1.65 during trading on Friday, hitting $120.98. 1,766,657 shares of the company were exchanged, compared to its average volume of 1,611,692. 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 has a market capitalization of $11.88 billion, a price-to-earnings ratio of 8.97, a P/E/G ratio of 1.28 and a beta of 1.36. The business's 50-day simple moving average is $109.33 and its 200 day simple moving average is $112.73. 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 posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping the consensus estimate of $2.86 by $0.64. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the company posted $3.38 earnings per share. As a group, analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors 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 0.83%. The ex-dividend date is Friday, July 11th. Toll Brothers's dividend payout ratio is currently 7.42%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TOL. Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 price objective (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods lowered their price objective 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. Oppenheimer lowered their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, Royal Bank Of Canada lowered their price objective 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 equities 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average 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.