Lecap Asset Management Ltd. Cuts Position in Toll Brothers Inc. (NYSE:TOL)

Lecap Asset Management Ltd. decreased its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 46.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,839 shares of the construction company's stock after selling 7,728 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Toll Brothers were worth $933,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC raised its position in 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 in the last quarter. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers in the fourth quarter valued at $27,000. Promus Capital LLC acquired a new stake in Toll Brothers in the fourth quarter valued at $29,000. IAG Wealth Partners LLC grew its holdings in 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 purchasing an additional 238 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on TOL. UBS Group reissued a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Raymond James Financial reissued a "strong-buy" rating and issued a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Keefe, Bruyette & Woods decreased their price objective 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. Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and an average price target of $141.08.

Toll Brothers Stock Performance

Toll Brothers stock opened at $111.31 on Thursday. The stock's 50-day moving average is $104.73 and its 200-day moving average is $114.11. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. 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 12 month low of $86.67 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $3.38 EPS. Equities analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%. Toll Brothers's dividend payout ratio (DPR) is 7.42%.

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.

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