Toll Brothers Inc. (NYSE:TOL) Shares Sold by Davis R M Inc.

Davis R M Inc. reduced its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 4.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 145,023 shares of the construction company's stock after selling 6,861 shares during the period. Davis R M Inc. owned approximately 0.15% of Toll Brothers worth $15,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TOL. Insigneo Advisory Services LLC grew its holdings in Toll Brothers by 4.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock worth $251,000 after acquiring an additional 89 shares in the last quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of Toll Brothers by 5.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock valued at $227,000 after buying an additional 100 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Toll Brothers by 1.7% in the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock valued at $762,000 after buying an additional 100 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of Toll Brothers by 0.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock valued at $2,619,000 after buying an additional 100 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of Toll Brothers by 46.6% in the 4th quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock valued at $41,000 after buying an additional 104 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 price target (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Oppenheimer decreased their price target on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $141.85.

Toll Brothers Stock Performance

NYSE:TOL traded down $1.17 during mid-day trading on Thursday, hitting $118.28. The stock had a trading volume of 1,230,506 shares, compared to its average volume of 1,560,916. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 8.77, a P/E/G ratio of 1.24 and a beta of 1.36. The company has a 50 day simple moving average of $113.33 and a 200-day simple moving average of $112.23. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week 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 released its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned $3.38 EPS. Toll Brothers's revenue was down 3.5% on a year-over-year basis. On average, research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

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

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total transaction of $288,325.00. Following the sale, the director directly owned 12,787 shares in the company, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael J. Grubb sold 500 shares of the business's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the sale, the chief accounting officer owned 2,439 shares in the company, valued at $292,680. This trade represents a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,770 shares of company stock worth $440,586. 1.54% of the stock is owned by corporate insiders.

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.