Envestnet Asset Management Inc. Has $5.23 Million Position in Toll Brothers Inc. (NYSE:TOL)

Envestnet Asset Management Inc. boosted its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 57.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,536 shares of the construction company's stock after purchasing an additional 18,163 shares during the period. Envestnet Asset Management Inc.'s holdings in Toll Brothers were worth $5,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Greenhaven Associates Inc. boosted its stake in shares of Toll Brothers by 0.5% during the 1st quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company's stock worth $587,353,000 after acquiring an additional 26,079 shares in the last quarter. FMR LLC boosted its stake in shares of Toll Brothers by 19.4% during the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock worth $318,509,000 after acquiring an additional 410,394 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Toll Brothers by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock worth $276,263,000 after acquiring an additional 35,001 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Toll Brothers by 14.2% during the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock worth $239,751,000 after acquiring an additional 236,402 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Toll Brothers by 24.6% during the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock worth $153,234,000 after acquiring an additional 239,917 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Keefe, Bruyette & Woods lowered their price target on 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. Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 price target (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company lifted their price target on Toll Brothers from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $141.85.

Toll Brothers Trading Up 0.2%

TOL stock traded up $0.29 on Monday, hitting $123.33. 1,077,696 shares of the company were exchanged, compared to its average volume of 1,653,414. The business's fifty day moving average is $112.65 and its two-hundred day moving average is $112.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The stock has a market capitalization of $12.11 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.38 earnings per share. As a group, research analysts forecast that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio is currently 7.42%.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 770 shares of the firm's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the transaction, the director directly owned 11,590 shares in the company, valued at approximately $1,388,713.80. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen F. East sold 2,500 shares of the firm's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the transaction, the director owned 12,787 shares in the company, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,770 shares of company stock valued at $440,586 in the last ninety days. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Company 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.