Guggenheim Capital LLC Has $558,000 Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Guggenheim Capital LLC reduced its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 73.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,432 shares of the construction company's stock after selling 12,096 shares during the quarter. Guggenheim Capital LLC's holdings in Toll Brothers were worth $558,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC boosted its holdings in shares of Toll Brothers by 34.4% in 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 during the last quarter. Nilsine Partners LLC lifted its stake in Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock valued at $2,433,000 after acquiring an additional 88 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock valued at $88,000 after acquiring an additional 92 shares during the period. Peapack Gladstone Financial Corp increased its stake in shares of Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock worth $227,000 after purchasing an additional 100 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Toll Brothers by 46.6% in the 4th quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock valued at $41,000 after purchasing an additional 104 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays dropped their price objective on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. UBS Group decreased their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Keefe, Bruyette & Woods decreased their price target on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. Finally, Citigroup cut their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $144.79.

Insider Activity

In related news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.54% of the stock is owned by company insiders.

Toll Brothers Trading Up 1.1 %

Shares of TOL traded up $1.11 during mid-day trading on Thursday, reaching $101.98. 262,514 shares of the company were exchanged, compared to its average volume of 1,543,326. The business has a 50 day simple moving average of $102.86 and a two-hundred day simple moving average of $127.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The stock has a market capitalization of $10.19 billion, a PE ratio of 7.02, a PEG ratio of 1.02 and a beta of 1.48. 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 posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. On average, analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

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.