Toll Brothers Inc. (NYSE:TOL) Stock Holdings Lowered by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 29.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Lee Danner & Bass Inc. purchased a new stake in Toll Brothers in the 4th quarter valued at approximately $27,000. Sound Income Strategies LLC lifted its position in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock valued at $26,000 after acquiring an additional 112 shares in the last quarter. IAG Wealth Partners LLC boosted its stake in shares of Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after acquiring an additional 238 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after purchasing an additional 75 shares in the last quarter. Finally, Quarry LP lifted its holdings in Toll Brothers by 1,035.7% in the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock valued at $40,000 after purchasing an additional 290 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Wall Street Analyst Weigh In

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

Toll Brothers Stock Up 1.3%

Shares of Toll Brothers stock traded up $1.55 during trading on Thursday, reaching $122.94. The company had a trading volume of 2,032,592 shares, compared to its average volume of 1,613,623. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 1.22 and a beta of 1.36. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The firm's fifty day moving average is $108.56 and its 200-day moving average is $112.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21.

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 for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business earned $3.38 EPS. The business's quarterly revenue was down 3.5% on a year-over-year basis. On average, analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, July 11th. Toll Brothers's payout ratio is 7.42%.

About Toll Brothers

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.