Toll Brothers Inc. (NYSE:TOL) Shares Sold by LSV Asset Management

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 lowered its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 1.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,000,389 shares of the construction company's stock after selling 13,820 shares during the quarter. LSV Asset Management owned 1.00% of Toll Brothers worth $105,631,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TOL. National Bank of Canada FI increased its holdings in Toll Brothers by 32.0% in the fourth quarter. National Bank of Canada FI now owns 58,078 shares of the construction company's stock valued at $7,315,000 after buying an additional 14,080 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Toll Brothers by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock worth $276,263,000 after purchasing an additional 35,001 shares during the last quarter. Trexquant Investment LP purchased a new position in shares of Toll Brothers during the fourth quarter worth about $3,617,000. Huntington National Bank grew its holdings in shares of Toll Brothers by 61.9% during the fourth quarter. Huntington National Bank now owns 1,153 shares of the construction company's stock worth $145,000 after purchasing an additional 441 shares during the last quarter. Finally, Pitcairn Co. grew its holdings in shares of Toll Brothers by 4.0% during the fourth quarter. Pitcairn Co. now owns 3,311 shares of the construction company's stock worth $417,000 after purchasing an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Activity at Toll Brothers

In other Toll Brothers news, CAO Michael J. Grubb sold 500 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the chief accounting officer owned 2,439 shares in the company, valued at $292,680. The trade was a 17.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christine Garvey sold 770 shares of the business's stock in a transaction on Monday, July 14th. The stock was 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 in the company, valued at $1,388,713.80. This represents a 6.23% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,770 shares of company stock worth $440,586. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Trading Down 0.5%

Shares of NYSE TOL traded down $0.66 during trading on Wednesday, hitting $126.51. 584,886 shares of the company traded hands, compared to its average volume of 1,781,971. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a 50-day moving average price of $114.77 and a 200-day moving average price of $111.85. The firm has a market capitalization of $12.42 billion, a P/E ratio of 9.40, a P/E/G ratio of 1.30 and a beta of 1.33. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the company earned $3.38 EPS. The business's quarterly revenue was down 3.5% compared to the same quarter last year. On average, equities analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on TOL. Keefe, Bruyette & Woods dropped their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. Royal Bank Of Canada lowered their price target on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Oppenheimer lowered their price target on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Evercore ISI reissued an "outperform" rating and set a $169.00 price target (up previously 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 report on Tuesday, May 20th. One 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $142.23.

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.