Toll Brothers Inc. (NYSE:TOL) Stock Holdings Lessened by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 67.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,362 shares of the construction company's stock after selling 19,291 shares during the quarter. Pacer Advisors Inc.'s holdings in Toll Brothers were worth $989,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TOL. Sound Income Strategies LLC increased 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 worth $26,000 after acquiring an additional 112 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Toll Brothers by 152.6% during the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after acquiring an additional 177 shares during the last quarter. Quarry LP increased 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 worth $40,000 after acquiring an additional 290 shares during the last quarter. Bessemer Group Inc. increased 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 worth $41,000 after acquiring an additional 104 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in shares of Toll Brothers by 415.0% during the first 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.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of analyst reports. Oppenheimer dropped their target price on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Keefe, Bruyette & Woods dropped their target price on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 20th. Wells Fargo & Company lifted their price target on Toll Brothers from $130.00 to $135.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Seaport Res Ptn upgraded Toll Brothers from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 23rd. Finally, Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $141.85.

Insider Buying and Selling

In related news, Director Stephen F. East sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total transaction of $288,325.00. Following the sale, the director 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael J. Grubb sold 500 shares of the business'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 value of $60,000.00. Following the sale, the chief accounting officer directly owned 2,439 shares in the company, valued at approximately $292,680. The trade was a 17.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,770 shares of company stock valued at $440,586 over the last quarter. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Stock Performance

Shares of NYSE TOL traded down $1.17 during midday trading on Thursday, hitting $118.28. 1,230,506 shares of the company's stock were exchanged, compared to its average volume of 1,560,916. 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 stock's 50 day moving average price is $113.33 and its 200-day moving average price is $112.23. The firm has a market cap of $11.61 billion, a P/E ratio of 8.77, a PEG ratio of 1.24 and a beta of 1.36. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

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 (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business's revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.38 earnings per share. Equities research analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

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. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 0.8%. Toll Brothers's payout ratio is presently 7.42%.

About Toll Brothers

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.