Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 4.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 244,707 shares of the construction company's stock after selling 10,338 shares during the period. Nuveen Asset Management LLC owned approximately 0.24% of Toll Brothers worth $30,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TOL. Lee Danner & Bass Inc. purchased a new stake in shares of Toll Brothers in the 4th quarter worth about $27,000. Promus Capital LLC purchased a new stake in shares of Toll Brothers in the 4th quarter worth about $29,000. IAG Wealth Partners LLC boosted its position in shares of Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after buying an additional 238 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its position in shares of Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after buying an additional 75 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TOL. The Goldman Sachs Group decreased their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company restated an "overweight" rating and issued a $130.00 target price (up from $120.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Keefe, Bruyette & Woods reduced their target price on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. Oppenheimer reduced their target price on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Finally, Evercore ISI restated 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.36.

Toll Brothers Trading Up 3.5%

Shares of NYSE TOL traded up $3.62 on Tuesday, reaching $107.88. 2,083,683 shares of the company traded hands, compared to its average volume of 1,562,936. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a 50 day moving average of $101.46 and a 200 day moving average of $121.05. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $10.78 billion, a PE ratio of 7.42, a P/E/G ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.38 EPS. On average, equities research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio 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.