Intech Investment Management LLC Trims Holdings in Toll Brothers Inc. $TOL

Key Points

• Intech Investment Management LLC reduced its holdings in Toll Brothers Inc. by 21.0% during Q1, selling 21,685 shares and now owning approximately 0.08% of the company valued at $8,634,000.
• CEO Douglas Yearley sold 25,000 shares of Toll Brothers stock for a total value of $3,456,500, which represents a 8.04% decrease in his ownership position.
• Analysts have raised their price targets on Toll Brothers shares, with Wells Fargo increasing it from $140.00 to $150.00, reflecting a positive outlook on the company's performance.

Intech Investment Management LLC lessened its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 21.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,773 shares of the construction company's stock after selling 21,685 shares during the quarter. Intech Investment Management LLC owned approximately 0.08% of Toll Brothers worth $8,634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TOL. Sound Income Strategies LLC boosted 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 worth $26,000 after acquiring an additional 112 shares during the last quarter. Brooklyn Investment Group raised its stake in Toll Brothers by 52.8% during the first quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after purchasing an additional 94 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Toll Brothers by 152.6% in the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after purchasing an additional 177 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock valued at $38,000 after buying an additional 249 shares during the period. Finally, Operose Advisors LLC acquired a new stake in shares of Toll Brothers during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total value of $3,456,500.00. Following the completion of the sale, the chief executive officer owned 286,117 shares in the company, valued at approximately $39,558,536.42. This trade represents a 8.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction, the director directly owned 12,787 shares of the company's stock, valued at $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 42,413 shares of company stock worth $5,746,216 in the last quarter. 1.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on TOL shares. Wells Fargo & Company raised their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Monday, August 18th. Bank of America increased their price objective on shares of Toll Brothers from $132.00 to $145.00 and gave the stock a "buy" rating in a research report on Tuesday, August 19th. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Evercore ISI reiterated 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. Finally, Barclays reissued an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $149.07.

Toll Brothers Price Performance

TOL stock opened at $143.17 on Thursday. The stock's 50 day moving average is $128.43 and its two-hundred day moving average is $113.13. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a market capitalization of $13.80 billion, a PE ratio of 10.52, a P/E/G ratio of 0.95 and a beta of 1.33. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, topping the consensus estimate of $3.59 by $0.14. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter last year, the firm earned $3.60 EPS. The business's revenue was up 8.0% on a year-over-year basis. Analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, July 11th. Toll Brothers's payout ratio is presently 7.35%.

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.

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