Toll Brothers, Inc. (NYSE:TOL) Stock Position Reduced by RFG Advisory LLC

RFG Advisory LLC cut its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 76.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,617 shares of the construction company's stock after selling 8,433 shares during the period. RFG Advisory LLC's holdings in Toll Brothers were worth $269,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its position in shares of Toll Brothers by 87.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company's stock valued at $2,687,000 after purchasing an additional 16,993 shares during the last quarter. Natixis Advisors L.P. grew its position in shares of Toll Brothers by 21.6% in the third quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company's stock valued at $993,000 after purchasing an additional 2,386 shares during the last quarter. FCF Advisors LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $979,000. Northern Trust Corp grew its position in shares of Toll Brothers by 7.1% in the third quarter. Northern Trust Corp now owns 886,817 shares of the construction company's stock valued at $65,589,000 after purchasing an additional 58,448 shares during the last quarter. Finally, Sei Investments Co. boosted its position in Toll Brothers by 12.3% during the third quarter. Sei Investments Co. now owns 219,563 shares of the construction company's stock worth $16,239,000 after acquiring an additional 24,111 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on TOL. The Goldman Sachs Group raised their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a "sell" rating in a research report on Thursday, February 22nd. Citigroup raised their target price on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a "neutral" rating in a research report on Friday, April 5th. Wedbush restated a "neutral" rating and set a $87.00 target price on shares of Toll Brothers in a research report on Wednesday, February 21st. Seaport Res Ptn lowered shares of Toll Brothers from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. Finally, Wolfe Research upgraded shares of Toll Brothers from a "peer perform" rating to an "outperform" rating and set a $118.00 target price on the stock in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and an average price target of $113.80.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction on Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares of the company's stock, valued at approximately $5,770,122.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction on Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares of the company's stock, valued at approximately $5,770,122.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl B. Marbach sold 10,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the sale, the director now directly owns 34,069 shares of the company's stock, 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 in the last quarter. Company insiders own 1.54% of the company's stock.

Toll Brothers Trading Down 0.1 %

Shares of TOL stock traded down $0.10 during mid-day trading on Friday, reaching $120.22. The company's stock had a trading volume of 966,206 shares, compared to its average volume of 1,159,293. The company's 50 day simple moving average is $116.00 and its 200-day simple moving average is $97.50. Toll Brothers, Inc. has a 12-month low of $58.99 and a 12-month high of $130.63. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $12.52 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the firm posted $1.70 EPS. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. On average, research analysts predict that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from Toll Brothers's previous quarterly dividend of $0.21. Toll Brothers's dividend payout ratio (DPR) is currently 7.11%.

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.