Massachusetts Financial Services Co. MA Reduces Stock Holdings in Toll Brothers Inc. (NYSE:TOL)

Massachusetts Financial Services Co. MA decreased its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 0.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,933,583 shares of the construction company's stock after selling 8,614 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.94% of Toll Brothers worth $204,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TOL. Sound Income Strategies LLC boosted 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 valued at $26,000 after purchasing an additional 112 shares in the last quarter. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $27,000. Quarry LP boosted its position in shares of Toll Brothers by 1,035.7% during the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock valued at $40,000 after purchasing an additional 290 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Toll Brothers by 46.6% during the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock valued at $41,000 after purchasing an additional 104 shares in the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Toll Brothers by 415.0% during the first quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company's stock valued at $54,000 after buying an additional 415 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Performance

Shares of TOL stock opened at $113.80 on Wednesday. The stock has a market cap of $11.17 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 1.24 and a beta of 1.36. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. 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 business has a 50-day simple moving average of $109.88 and a 200-day simple moving average of $112.48.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. Toll Brothers's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $3.38 earnings per share. On average, equities analysts expect 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 will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Friday, July 11th. Toll Brothers's payout ratio is 7.42%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TOL. Wedbush reissued an "outperform" 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 from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Wells Fargo & Company boosted their target price on Toll Brothers from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. UBS Group restated a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $141.85.

Insider Activity at Toll Brothers

In other news, CAO Michael J. Grubb sold 500 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the transaction, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at $292,680. This represents a 17.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Christine Garvey sold 770 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 11,590 shares of the company's stock, valued at approximately $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. Corporate insiders own 1.54% of the company's stock.

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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