Invesco Ltd. Has $123.44 Million Position in Toll Brothers Inc. (NYSE:TOL)

Invesco Ltd. reduced its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 38.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,169,052 shares of the construction company's stock after selling 734,493 shares during the period. Invesco Ltd. owned 1.17% of Toll Brothers worth $123,440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC grew its position in shares of Toll Brothers by 84.2% in the 1st 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 during the period. Larson Financial Group LLC grew its position 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 acquiring an additional 177 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Toll Brothers by 218.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock valued at $38,000 after acquiring an additional 249 shares during the period. Quarry LP grew its position in shares of 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 acquiring an additional 290 shares during the period. Finally, Bessemer Group Inc. grew its position 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 acquiring an additional 104 shares during the period. Institutional investors own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on TOL shares. UBS Group reissued a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Raymond James Financial reissued a "strong-buy" rating and issued a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Royal Bank Of Canada reduced their target price on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Finally, Wells Fargo & Company lifted their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, Toll Brothers has a consensus rating of "Moderate Buy" and an average target price of $141.46.

Toll Brothers Stock Performance

NYSE TOL opened at $131.05 on Friday. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $12.87 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.39 and a beta of 1.33. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The firm has a 50-day moving average price of $117.88 and a two-hundred day moving average price of $111.60.

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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.38 EPS. Analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

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

Insider Buying and Selling at Toll Brothers

In other news, Director Stephen F. East sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 770 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the transaction, the director owned 11,590 shares of the company's stock, valued at $1,388,713.80. The trade was a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,770 shares of company stock valued at $440,586 in the last quarter. Company 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.

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