Los Angeles Capital Management LLC Trims Holdings in Toll Brothers, Inc. (NYSE:TOL)

Los Angeles Capital Management LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 696,674 shares of the construction company's stock after selling 204,370 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.67% of Toll Brothers worth $71,611,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in TOL. IFP Advisors Inc boosted its stake in shares of Toll Brothers by 87.1% during the third quarter. IFP Advisors Inc now owns 494 shares of the construction company's stock valued at $37,000 after purchasing an additional 230 shares during the period. SG Americas Securities LLC raised its holdings in shares of Toll Brothers by 82.1% during the third quarter. SG Americas Securities LLC now owns 2,724 shares of the construction company's stock valued at $201,000 after acquiring an additional 1,228 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Toll Brothers by 1.8% during the third quarter. State of Alaska Department of Revenue now owns 12,996 shares of the construction company's stock valued at $961,000 after acquiring an additional 235 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Toll Brothers by 82.9% during the third quarter. Handelsbanken Fonder AB now owns 27,800 shares of the construction company's stock valued at $2,056,000 after acquiring an additional 12,600 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of Toll Brothers by 4.6% during the third quarter. Commonwealth Equity Services LLC now owns 40,802 shares of the construction company's stock valued at $3,018,000 after acquiring an additional 1,780 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded up $1.72 during trading on Thursday, hitting $121.24. 730,190 shares of the company's stock traded hands, compared to its average volume of 1,354,979. 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 1 year low of $62.26 and a 1 year high of $130.63. The stock has a market capitalization of $12.63 billion, a P/E ratio of 9.37, a PEG ratio of 0.99 and a beta of 1.67. The business has a 50-day simple moving average of $120.12 and a 200-day simple moving average of $101.85.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.88 billion. During the same period last year, the firm posted $1.70 earnings per share. Toll Brothers's revenue was up 9.4% compared to the same quarter last year. As a group, analysts forecast that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.76%. This is a boost from Toll Brothers's previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. Toll Brothers's dividend payout ratio (DPR) is presently 7.11%.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the firm's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now directly owns 49,721 shares of the company's stock, valued at $5,770,122.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Carl B. Marbach sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 34,069 shares of the company's stock, valued at $4,020,823.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 5,000 shares of the firm's stock in a transaction dated 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 directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,500 shares of company stock valued at $7,881,930. Insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on Toll Brothers from $127.00 to $128.00 and gave the company an "overweight" rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods upped their target price on Toll Brothers from $120.00 to $135.00 and gave the company an "outperform" rating in a report on Wednesday, February 28th. StockNews.com upgraded Toll Brothers from a "hold" rating to a "buy" rating in a report on Tuesday, April 16th. The Goldman Sachs Group increased 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. Finally, Wells Fargo & Company increased their price objective on Toll Brothers from $120.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.