Capital Management Corp VA Trims Position in Toll Brothers, Inc. (NYSE:TOL)

Capital Management Corp VA reduced its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 99,656 shares of the construction company's stock after selling 21,504 shares during the quarter. Toll Brothers comprises 2.0% of Capital Management Corp VA's holdings, making the stock its 21st largest holding. Capital Management Corp VA owned 0.10% of Toll Brothers worth $10,244,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Baker Avenue Asset Management LP raised its stake in shares of Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company's stock valued at $50,000 after buying an additional 127 shares during the period. Nilsine Partners LLC raised its stake in shares of Toll Brothers by 0.8% during the 3rd quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company's stock valued at $1,297,000 after purchasing an additional 146 shares during the period. Fifth Third Bancorp raised its stake in shares of Toll Brothers by 26.1% during the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company's stock valued at $56,000 after purchasing an additional 156 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Toll Brothers by 4.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company's stock valued at $302,000 after purchasing an additional 161 shares during the period. Finally, Inspire Investing LLC raised its stake in shares of Toll Brothers by 4.1% during the 3rd quarter. Inspire Investing LLC now owns 4,141 shares of the construction company's stock valued at $306,000 after purchasing an additional 165 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Trading Down 0.8 %

TOL traded down $0.95 during midday trading on Friday, reaching $112.21. 1,188,537 shares of the company's stock traded hands, compared to its average volume of 1,031,901. The firm has a fifty day moving average of $117.45 and a two-hundred day moving average of $99.12. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 8.67, a P/E/G ratio of 0.94 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65. Toll Brothers, Inc. has a 52 week low of $61.17 and a 52 week high of $130.63.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly 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 return on equity of 21.04% and a net margin of 13.97%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the company posted $1.70 EPS. Toll Brothers's quarterly revenue was up 9.4% compared to the same quarter last year. On average, equities analysts anticipate that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a $0.23 dividend. The ex-dividend date was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. 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%.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the transaction, the chief financial officer now owns 49,721 shares of the company's stock, valued at approximately $5,770,122.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Martin P. Connor sold 5,000 shares of the company's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares in the company, valued at approximately $5,770,122.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl B. Marbach sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 4th. The stock was 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 owns 34,069 shares in the company, valued at approximately $4,020,823.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,500 shares of company stock valued at $7,881,930. Corporate insiders own 1.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on TOL shares. 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. Citigroup boosted their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a "neutral" rating in a research report on Friday, April 5th. 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 report on Monday, January 8th. Wells Fargo & Company boosted their target price on Toll Brothers from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. Finally, The Goldman Sachs Group upped their price objective on Toll Brothers from $94.00 to $96.00 and gave the stock a "sell" rating in a report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers currently 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.