Toll Brothers Inc. (NYSE:TOL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,882 shares of the construction company's stock after selling 3,076 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Toll Brothers worth $5,901,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Sound Income Strategies LLC lifted 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 valued at $26,000 after purchasing an additional 112 shares during the period. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers in the fourth quarter valued at about $27,000. Quarry LP lifted its position in Toll Brothers by 1,035.7% in 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 during the period. Bessemer Group Inc. lifted its position in Toll Brothers by 46.6% in 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 during the period. Finally, Sunbelt Securities Inc. lifted its position in Toll Brothers by 415.0% in the first quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company's stock valued at $54,000 after purchasing an additional 415 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 target price (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Keefe, Bruyette & Woods dropped their target price on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a report on Tuesday, May 20th. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $141.85.

Insider Activity at Toll Brothers

In other Toll Brothers news, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 2,439 shares of the company's stock, valued at approximately $292,680. The trade was a 17.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by insiders.

Toll Brothers Price Performance

Shares of TOL traded up $2.96 during mid-day trading on Wednesday, reaching $116.74. 1,973,624 shares of the company's stock were exchanged, compared to its average volume of 1,617,960. 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 company has a 50-day simple moving average of $109.88 and a two-hundred day simple moving average of $112.48. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a market cap of $11.46 billion, a price-to-earnings ratio of 8.66, a PEG ratio of 1.24 and a beta of 1.36.

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

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 0.86%. Toll Brothers's payout ratio is currently 7.42%.

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.