LSV Asset Management Sells 13,820 Shares of Toll Brothers Inc. (NYSE:TOL)

Key Points

• LSV Asset Management reduced its stake in Toll Brothers by 1.4%, now owning approximately 1,000,389 shares valued at $105.6 million.
• Toll Brothers announced a quarterly dividend of $0.25 per share, leading to an annual yield of 0.8%.
• The company's recent earnings report showed $3.50 EPS and revenues of $2.74 billion, exceeding analysts' expectations.

LSV Asset Management cut its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,000,389 shares of the construction company's stock after selling 13,820 shares during the period. LSV Asset Management owned about 1.00% of Toll Brothers worth $105,631,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sound Income Strategies LLC raised its stake in 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 purchasing an additional 112 shares during the last quarter. Larson Financial Group LLC increased its stake in shares of Toll Brothers by 152.6% during 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 last quarter. Quarry LP increased its stake in shares of Toll Brothers by 1,035.7% during 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 last quarter. Bessemer Group Inc. increased its stake in shares of Toll Brothers by 46.6% during 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 last quarter. Finally, Sunbelt Securities Inc. increased its stake in shares of Toll Brothers by 415.0% during the 1st quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company's stock valued at $54,000 after acquiring an additional 415 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Trading Up 3.0%

Shares of NYSE:TOL traded up $3.56 during midday trading on Friday, reaching $121.92. The company's stock had a trading volume of 1,672,220 shares, compared to its average volume of 1,649,901. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. The firm has a 50 day moving average price of $113.97 and a two-hundred day moving average price of $111.97. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.27 and a beta of 1.33. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52.

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

Toll Brothers Announces Dividend

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

Insider Transactions at Toll Brothers

In related news, CAO Michael J. Grubb sold 500 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief accounting officer owned 2,439 shares of the company's stock, valued at $292,680. This trade represents a 17.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the sale, the director directly owned 11,590 shares of the company's stock, valued at $1,388,713.80. The trade was a 6.23% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,770 shares of company stock worth $440,586. Company insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research note on Tuesday, May 20th. Seaport Res Ptn raised shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 23rd. UBS Group reissued a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wells Fargo & Company raised their price target on Toll Brothers from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Friday. Finally, Raymond James Financial reiterated a "strong-buy" rating and set a $130.00 price target (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average price target of $142.23.

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.