Toll Brothers Inc. (NYSE:TOL) Shares Sold by Navellier & Associates Inc.

Key Points

• Navellier & Associates Inc. reduced its stake in Toll Brothers Inc. by 96.0% in Q1, holding only 3,804 shares worth $396,000 after selling 90,517 shares during the quarter.
• Several large investors increased their positions in Toll Brothers, with Greenhaven Associates Inc. boosting its stake by 0.5% to over 5.5 million shares valued at $587 million.
• Toll Brothers declared a quarterly dividend of $0.25 per share, yielding 0.81%, with a payout ratio of 7.42% as part of its ongoing financial strategy.

Navellier & Associates Inc. lessened its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 96.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,804 shares of the construction company's stock after selling 90,517 shares during the quarter. Navellier & Associates Inc.'s holdings in Toll Brothers were worth $396,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Sound Income Strategies LLC grew its stake in shares of Toll Brothers by 84.2% during 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 period. Larson Financial Group LLC increased its holdings in Toll Brothers by 152.6% during the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock valued at $31,000 after buying an additional 177 shares during the last quarter. Quarry LP raised 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 worth $40,000 after acquiring an additional 290 shares during the period. Bessemer Group Inc. raised 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 worth $41,000 after acquiring an additional 104 shares during the period. Finally, Sunbelt Securities Inc. boosted 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 worth $54,000 after acquiring an additional 415 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the business'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 completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Stephen F. East sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of the transaction, the director directly owned 12,787 shares of the company's stock, valued at $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,770 shares of company stock valued at $440,586 over the last quarter. 1.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TOL shares. Barclays restated an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. 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. Oppenheimer dropped their target price on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Raymond James Financial restated a "strong-buy" rating and issued a $130.00 price target (down from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Finally, Royal Bank Of Canada reduced their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $141.85.

Toll Brothers Stock Down 1.1%

NYSE TOL traded down $1.31 during trading on Wednesday, hitting $121.56. The company's stock had a trading volume of 162,183 shares, compared to its average volume of 1,795,511. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. The company has a market cap of $11.93 billion, a PE ratio of 9.02, a P/E/G ratio of 1.28 and a beta of 1.36. The business's 50 day simple moving average is $113.03 and its 200-day simple moving average is $112.18. 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 issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $3.38 earnings per share. The company's quarterly revenue was down 3.5% on a year-over-year basis. On average, equities analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is 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.