Nisa Investment Advisors LLC Sells 6,163 Shares of Toll Brothers Inc. (NYSE:TOL)

Nisa Investment Advisors LLC decreased its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 20.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,139 shares of the construction company's stock after selling 6,163 shares during the period. Nisa Investment Advisors LLC's holdings in Toll Brothers were worth $2,549,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in TOL. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Toll Brothers by 24.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,130 shares of the construction company's stock worth $3,795,000 after acquiring an additional 5,832 shares during the period. Independent Advisor Alliance grew its stake in shares of Toll Brothers by 10.1% in the 4th quarter. Independent Advisor Alliance now owns 2,450 shares of the construction company's stock worth $309,000 after purchasing an additional 225 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of Toll Brothers by 450.0% in the 4th quarter. Wealthfront Advisers LLC now owns 8,547 shares of the construction company's stock worth $1,076,000 after purchasing an additional 6,993 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Toll Brothers by 15.0% during the fourth quarter. Moors & Cabot Inc. now owns 2,683 shares of the construction company's stock valued at $338,000 after purchasing an additional 349 shares during the last quarter. Finally, Vestcor Inc boosted its holdings in Toll Brothers by 820.5% during the fourth quarter. Vestcor Inc now owns 7,548 shares of the construction company's stock worth $951,000 after buying an additional 6,728 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TOL. Royal Bank Of Canada dropped 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 reduced their target price on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Evercore ISI reiterated an "outperform" rating and issued a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Wells Fargo & Company boosted their price objective on Toll Brothers from $130.00 to $135.00 and gave the stock an "overweight" rating in a report on Tuesday, July 8th. Finally, Wedbush reiterated an "outperform" 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 assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $141.85.

Toll Brothers Stock Performance

TOL traded down $2.08 during trading on Tuesday, hitting $117.26. The stock had a trading volume of 231,500 shares, compared to its average volume of 1,815,310. The firm has a market cap of $11.51 billion, a PE ratio of 8.70, a P/E/G ratio of 1.26 and a beta of 1.36. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a 50 day simple moving average of $109.64 and a 200-day simple moving average of $112.47.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating 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 firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company earned $3.38 EPS. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%. Toll Brothers's dividend 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.