Riverstone Advisors LLC Has $10.73 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Riverstone Advisors LLC cut its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 14.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,400 shares of the construction company's stock after selling 17,673 shares during the period. Toll Brothers comprises approximately 6.9% of Riverstone Advisors LLC's investment portfolio, making the stock its 4th biggest position. Riverstone Advisors LLC owned approximately 0.10% of Toll Brothers worth $10,731,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Voss Capital LLC bought a new stake in Toll Brothers during the fourth quarter valued at $8,223,000. Vontobel Holding Ltd. acquired a new stake in shares of Toll Brothers in the 4th quarter worth about $366,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Toll Brothers by 17.2% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,800 shares of the construction company's stock worth $1,007,000 after acquiring an additional 1,440 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Toll Brothers in the 4th quarter valued at about $3,104,000. Finally, Byrne Asset Management LLC increased its stake in Toll Brothers by 11.4% in the 4th quarter. Byrne Asset Management LLC now owns 17,110 shares of the construction company's stock valued at $1,780,000 after buying an additional 1,755 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the company's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now owns 34,069 shares in the company, valued at approximately $4,020,823.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,500 shares of company stock worth $7,881,930. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Trading Down 3.0 %

Shares of TOL stock traded down $3.51 during mid-day trading on Tuesday, reaching $114.34. The stock had a trading volume of 1,755,595 shares, compared to its average volume of 1,404,733. The stock's 50-day moving average price is $116.38 and its two-hundred day moving average price is $98.15. Toll Brothers, Inc. has a 52-week low of $59.46 and a 52-week high of $130.63. The firm has a market capitalization of $11.91 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.48. The firm had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 earnings per share. Equities analysts expect that Toll Brothers, Inc. will post 13.71 earnings per share 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. Shareholders of record on Friday, April 5th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, April 4th. This is a boost from Toll Brothers's previous quarterly dividend of $0.21. Toll Brothers's dividend payout ratio is 7.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wolfe Research upgraded shares of Toll Brothers from a "peer perform" rating to an "outperform" rating and set a $118.00 price objective for the company in a research note on Monday, January 8th. Keefe, Bruyette & Woods increased their price objective on shares of Toll Brothers from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Wednesday, February 28th. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $120.00 to $130.00 and gave the company an "overweight" rating in a research note on Thursday, February 22nd. Barclays raised their price target on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an "underweight" rating in a research note on Monday, February 26th. Finally, Seaport Res Ptn lowered shares of Toll Brothers from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.80.

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.