Burney Co. Decreases Position in Toll Brothers Inc. (NYSE:TOL)

Burney Co. trimmed its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 70.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,914 shares of the construction company's stock after selling 238,942 shares during the period. Burney Co. owned 0.10% of Toll Brothers worth $10,655,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wedbush Securities Inc. grew its holdings in Toll Brothers by 26.4% during the first quarter. Wedbush Securities Inc. now owns 7,135 shares of the construction company's stock valued at $753,000 after purchasing an additional 1,489 shares during the period. Gratus Wealth Advisors LLC boosted its holdings in shares of Toll Brothers by 7.8% in the first quarter. Gratus Wealth Advisors LLC now owns 6,033 shares of the construction company's stock worth $637,000 after acquiring an additional 439 shares during the period. KLP Kapitalforvaltning AS boosted its holdings in shares of Toll Brothers by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock worth $2,619,000 after acquiring an additional 100 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Toll Brothers by 20.7% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 60,251 shares of the construction company's stock worth $6,362,000 after acquiring an additional 10,318 shares during the period. Finally, SRH Advisors LLC bought a new position in shares of Toll Brothers in the first quarter worth $69,000. 91.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods dropped their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research note on Tuesday, May 20th. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Raymond James Financial restated a "strong-buy" rating and set a $130.00 price target (down previously from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Oppenheimer lowered their price target 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. Finally, Wells Fargo & Company raised their price target on Toll Brothers from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.85.

Insiders Place Their Bets

In other news, Director Stephen F. East sold 2,500 shares of Toll Brothers stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the sale, the director owned 12,787 shares of the company's stock, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total transaction of $92,261.40. Following the sale, the director directly owned 11,590 shares of the company's stock, valued at $1,388,713.80. This represents a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,770 shares of company stock valued at $440,586 over the last 90 days. Insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded up $0.44 during trading on Friday, reaching $123.06. 943,069 shares of the stock traded hands, compared to its average volume of 1,816,729. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 1.32 and a beta of 1.36. The business has a fifty day simple moving average of $111.98 and a two-hundred day simple moving average of $112.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week 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 for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.50 billion. During the same quarter last year, the business posted $3.38 earnings per share. The business's quarterly revenue was down 3.5% compared to the same quarter last year. Sell-side analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, July 11th. Toll Brothers's payout ratio is currently 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.