Vanguard Group Inc. Decreases Position in Toll Brothers Inc. (NYSE:TOL)

Key Points

• Vanguard Group Inc. reduced its stake in Toll Brothers Inc. by 3.8%, selling 392,875 shares, leaving them with approximately 9.98% ownership of the company valued at over $1 billion.
• Toll Brothers recently announced a quarterly dividend of $0.25 per share, with a yield of 0.8%, reflecting a dividend payout ratio of 7.42%.
• Analysts have mixed ratings for Toll Brothers, with a consensus rating of "Moderate Buy" and a target price of $142.23, reflecting a range of ratings from "sell" to "strong buy" among different firms.

Vanguard Group Inc. reduced its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,965,925 shares of the construction company's stock after selling 392,875 shares during the period. Vanguard Group Inc. owned approximately 9.98% of Toll Brothers worth $1,052,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Trail Ridge Investment Advisors LLC raised its position in shares of Toll Brothers by 0.5% in the first quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company's stock valued at $2,706,000 after buying an additional 132 shares during the last quarter. Left Brain Wealth Management LLC acquired a new stake in Toll Brothers in the 1st quarter valued at about $317,000. MQS Management LLC acquired a new stake in Toll Brothers in the 1st quarter valued at about $649,000. Financial Security Advisor Inc. acquired a new stake in Toll Brothers in the 1st quarter valued at about $231,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Toll Brothers in the 1st quarter valued at about $227,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on TOL. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Keefe, Bruyette & Woods cut their target price 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. 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. Wedbush cut their target price on Toll Brothers from $175.00 to $165.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Barclays reaffirmed an "underweight" 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 assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $141.46.

Insider Activity

In other news, CAO Michael J. Grubb sold 500 shares of Toll Brothers stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total value of $60,000.00. Following the completion of the transaction, the chief accounting officer owned 2,439 shares in the company, valued at approximately $292,680. This trade represents a 17.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christine Garvey sold 770 shares of Toll Brothers stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the transaction, the director owned 11,590 shares of the company's stock, valued at $1,388,713.80. The trade was a 6.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,770 shares of company stock worth $440,586. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Down 1.7%

Shares of TOL traded down $2.30 during midday trading on Thursday, hitting $131.05. The company had a trading volume of 1,499,594 shares, compared to its average volume of 1,771,477. The company's 50-day simple moving average is $117.43 and its 200-day simple moving average is $111.66. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. The firm has a market capitalization of $12.87 billion, a P/E ratio of 9.72, a P/E/G ratio of 1.33 and a beta of 1.33. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. The business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.38 EPS. As a group, sell-side analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

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