Man Group plc Sells 449,235 Shares of Toll Brothers, Inc. (NYSE:TOL)

Man Group plc reduced its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 77.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,269 shares of the construction company's stock after selling 449,235 shares during the period. Man Group plc owned approximately 0.13% of Toll Brothers worth $16,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after purchasing an additional 75 shares during the period. Nilsine Partners LLC raised its holdings in Toll Brothers by 0.5% during 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 period. Insigneo Advisory Services LLC raised its holdings in Toll Brothers by 4.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock valued at $251,000 after acquiring an additional 89 shares during the period. Peapack Gladstone Financial Corp increased its holdings in shares of Toll Brothers by 5.9% in the fourth 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, NewEdge Advisors LLC increased its holdings in shares of Toll Brothers by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock worth $762,000 after purchasing an additional 100 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Trading Down 1.7%

Shares of TOL stock traded down $1.80 during mid-day trading on Tuesday, hitting $104.25. 3,421,139 shares of the company's stock were exchanged, compared to its average volume of 1,561,179. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The stock has a 50-day simple moving average of $101.54 and a two-hundred day simple moving average of $122.84. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results 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 18.32% and a net margin of 14.03%. During the same period in the previous year, the company earned $3.38 EPS. The firm's revenue was down 3.5% compared to the same quarter last year. Equities analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the company'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 value of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This 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 this hyperlink. Insiders own 1.54% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on TOL. Oppenheimer reduced their price objective on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. Wells Fargo & Company decreased their price objective on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Barclays reiterated an "underweight" rating on shares of Toll Brothers in a report on Tuesday. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating on shares of Toll Brothers in a report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus price target of $143.64.

Toll Brothers 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.