Janney Montgomery Scott LLC Cuts Stock Position in Toll Brothers Inc. (NYSE:TOL)

Janney Montgomery Scott LLC lowered its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 24.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,835 shares of the construction company's stock after selling 34,347 shares during the period. Janney Montgomery Scott LLC owned about 0.11% of Toll Brothers worth $11,281,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TOL. Sound Income Strategies LLC increased its position in shares of Toll Brothers by 84.2% during the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after purchasing an additional 112 shares in the last quarter. Lee Danner & Bass Inc. purchased a new stake in shares of Toll Brothers during the fourth quarter worth $27,000. Promus Capital LLC purchased a new stake in shares of Toll Brothers during the fourth quarter worth $29,000. IAG Wealth Partners LLC raised its position in shares of Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after buying an additional 238 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after buying an additional 75 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Trading Up 2.9%

NYSE TOL traded up $3.09 during trading hours on Friday, reaching $108.54. The company had a trading volume of 5,014,795 shares, compared to its average volume of 1,591,764. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $10.66 billion, a P/E ratio of 8.05, a price-to-earnings-growth ratio of 1.10 and a beta of 1.35. The stock has a 50-day moving average of $103.27 and a 200 day moving average of $115.35. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results 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 business had revenue of $2.74 billion for 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 was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.38 EPS. As a group, research analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is 7.42%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Raymond James Financial reiterated a "strong-buy" rating and issued a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. UBS Group restated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods reduced their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 20th. Wedbush restated an "outperform" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and an average price target of $141.08.

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.