Rhumbline Advisers Sells 5,082 Shares of Toll Brothers, Inc. (NYSE:TOL)

Rhumbline Advisers reduced its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 1.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 266,166 shares of the construction company's stock after selling 5,082 shares during the quarter. Rhumbline Advisers owned 0.27% of Toll Brothers worth $28,104,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Lee Danner & Bass Inc. purchased a new stake in Toll Brothers in the fourth quarter valued at approximately $27,000. Promus Capital LLC bought a new position in shares of Toll Brothers in the 4th quarter worth $29,000. IAG Wealth Partners LLC raised its position in shares of Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after buying an additional 238 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after buying an additional 75 shares in the last quarter. Finally, Quarry LP lifted its holdings in shares of Toll Brothers by 1,035.7% during the 4th 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. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Trading Down 1.2%

Shares of TOL stock traded down $1.26 during trading hours on Friday, reaching $107.39. The company's stock had a trading volume of 1,049,890 shares, compared to its average volume of 1,567,029. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52. The stock has a market capitalization of $10.73 billion, a P/E ratio of 7.39, a P/E/G ratio of 1.02 and a beta of 1.45. The firm's fifty day simple moving average is $101.11 and its 200 day simple moving average is $118.97.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly 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 net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the business posted $3.38 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. Equities research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently declared 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. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 7.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TOL shares. Royal Bank of Canada lowered their price target on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. The Goldman Sachs Group decreased their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Oppenheimer cut their target price on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and an average price target of $141.00.

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.