LPL Financial LLC Trims Position in Toll Brothers Inc. (NYSE:TOL)

LPL Financial LLC decreased its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 20.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 71,162 shares of the construction company's stock after selling 18,622 shares during the quarter. LPL Financial LLC owned approximately 0.07% of Toll Brothers worth $7,514,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Greenhaven Associates Inc. lifted its holdings in Toll Brothers by 0.5% during the 1st quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company's stock worth $587,353,000 after purchasing an additional 26,079 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Toll Brothers by 24.6% during the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock worth $153,234,000 after purchasing an additional 239,917 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in Toll Brothers by 24,475.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock worth $140,400,000 after purchasing an additional 1,110,192 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Toll Brothers by 149.5% during the 1st quarter. Victory Capital Management Inc. now owns 974,587 shares of the construction company's stock worth $102,907,000 after purchasing an additional 583,940 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Toll Brothers by 29.9% during the 4th quarter. First Trust Advisors LP now owns 962,528 shares of the construction company's stock worth $121,230,000 after purchasing an additional 221,543 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded up $4.08 during trading on Tuesday, hitting $128.26. 1,352,347 shares of the stock traded hands, compared to its average volume of 1,416,533. The firm's fifty day moving average is $116.93 and its 200-day moving average is $111.51. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The stock has a market cap of $12.59 billion, a price-to-earnings ratio of 9.51, a PEG ratio of 1.29 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results 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. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company earned $3.38 EPS. Toll Brothers's revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is presently 7.42%.

Insider Buying and Selling

In related news, CAO Michael J. Grubb sold 500 shares of the firm'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 transaction of $60,000.00. Following the transaction, the chief accounting officer directly owned 2,439 shares in the company, valued at $292,680. This trade represents a 17.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the sale, the director owned 11,590 shares in the company, valued at approximately $1,388,713.80. This represents a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,770 shares of company stock worth $440,586 in the last ninety days. 1.54% of the stock is owned by insiders.

Analysts Set New Price Targets

TOL has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on Toll Brothers from $135.00 to $140.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. 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 report on Friday, May 16th. Finally, Barclays reaffirmed an "underweight" 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, 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $141.46.

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.