Meeder Asset Management Inc. Sells 20,080 Shares of Toll Brothers, Inc. (NYSE:TOL)

Meeder Asset Management Inc. lessened its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 34.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,155 shares of the construction company's stock after selling 20,080 shares during the period. Meeder Asset Management Inc.'s holdings in Toll Brothers were worth $3,922,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TOL. Vanguard Group Inc. increased its holdings in shares of Toll Brothers by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company's stock valued at $546,551,000 after purchasing an additional 968,528 shares in the last quarter. Greenhaven Associates Inc. raised its holdings in shares of Toll Brothers by 0.3% during the 3rd quarter. Greenhaven Associates Inc. now owns 5,553,907 shares of the construction company's stock worth $410,767,000 after acquiring an additional 15,960 shares during the period. State Street Corp raised its holdings in Toll Brothers by 1.1% in the 1st quarter. State Street Corp now owns 4,070,929 shares of the construction company's stock valued at $191,415,000 after buying an additional 45,004 shares during the period. Dimensional Fund Advisors LP raised its holdings in Toll Brothers by 10.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,773,505 shares of the construction company's stock valued at $177,444,000 after buying an additional 353,364 shares during the period. Finally, Millennium Management LLC raised its holdings in Toll Brothers by 271.6% in the 4th quarter. Millennium Management LLC now owns 3,096,331 shares of the construction company's stock valued at $154,569,000 after buying an additional 2,263,039 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded up $2.14 during trading hours on Friday, hitting $125.14. 764,337 shares of the company were exchanged, compared to its average volume of 1,252,907. Toll Brothers, Inc. has a 1 year low of $57.09 and a 1 year high of $130.63. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $113.85 and a 200-day moving average of $96.15. The stock has a market capitalization of $13.04 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 1.06 and a beta of 1.66.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. Toll Brothers's quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts expect that Toll Brothers, Inc. will post 13.73 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.21. Toll Brothers's dividend payout ratio is currently 7.11%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TOL shares. Oppenheimer boosted their price objective on Toll Brothers from $141.00 to $157.00 and gave the stock an "outperform" rating in a research report on Thursday, March 21st. The Goldman Sachs Group boosted their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a "sell" rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. boosted their target price on Toll Brothers from $127.00 to $128.00 and gave the stock an "overweight" rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods boosted their target price on Toll Brothers from $120.00 to $135.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 28th. Finally, Wolfe Research upgraded Toll Brothers from a "peer perform" rating to an "outperform" rating and set a $118.00 target price for the company in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $113.80.

Insider Buying and Selling

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the transaction, the chief executive officer now owns 346,382 shares of the company's stock, valued at $41,167,500.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the sale, the chief executive officer now owns 346,382 shares of the company's stock, valued at $41,167,500.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carl B. Marbach sold 10,000 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the completion of the sale, the director now directly owns 34,069 shares in the company, valued at approximately $4,020,823.38. The disclosure for this sale can be found here. Insiders have sold 65,000 shares of company stock valued at $7,702,950 over the last quarter. Company insiders own 1.54% of the company's stock.

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.