Fisher Asset Management LLC Sells 26,893 Shares of Toll Brothers, Inc. (NYSE:TOL)

Fisher Asset Management LLC reduced its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,722 shares of the construction company's stock after selling 26,893 shares during the quarter. Fisher Asset Management LLC owned approximately 0.25% of Toll Brothers worth $26,697,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. First Trust Direct Indexing L.P. grew its holdings in shares of Toll Brothers by 6.7% during the fourth quarter. First Trust Direct Indexing L.P. now owns 4,358 shares of the construction company's stock worth $448,000 after purchasing an additional 274 shares during the last quarter. New York Life Investment Management LLC grew its holdings in Toll Brothers by 6.9% during the 4th quarter. New York Life Investment Management LLC now owns 12,342 shares of the construction company's stock worth $1,269,000 after acquiring an additional 796 shares during the last quarter. Victory Capital Management Inc. increased its position in Toll Brothers by 93.2% in the 4th quarter. Victory Capital Management Inc. now owns 385,024 shares of the construction company's stock valued at $39,577,000 after acquiring an additional 185,746 shares in the last quarter. Cannell & Co. raised its stake in shares of Toll Brothers by 3.0% in the fourth quarter. Cannell & Co. now owns 6,850 shares of the construction company's stock worth $704,000 after acquiring an additional 200 shares during the last quarter. Finally, Mach 1 Financial Group LLC acquired a new position in shares of Toll Brothers during the fourth quarter worth approximately $370,000. 91.76% of the stock is currently owned by institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 346,382 shares in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin P. Connor sold 5,000 shares of the firm'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 transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Trading Up 2.0 %

TOL stock traded up $2.39 during midday trading on Friday, hitting $123.63. 1,116,164 shares of the company's stock were exchanged, compared to its average volume of 1,101,907. Toll Brothers, Inc. has a one year low of $62.26 and a one year high of $130.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The company has a market cap of $12.88 billion, a PE ratio of 9.55, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. The stock's fifty day moving average price is $120.36 and its 200-day moving average price is $102.64.

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 for the quarter, beating the consensus estimate of $1.77 by $0.48. The business had revenue of $1.95 billion for the quarter, compared to analysts' expectations of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. Toll Brothers's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.70 EPS. Research analysts predict that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a dividend of $0.23 per share. This is an increase from Toll Brothers's previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. Toll Brothers's dividend payout ratio is currently 7.11%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TOL. Oppenheimer raised their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the company an "outperform" rating in a report on Thursday, March 21st. Citigroup upped their price target on Toll Brothers from $116.00 to $138.00 and gave the company a "neutral" rating in a research note on Friday, April 5th. Wells Fargo & Company lifted their price objective on Toll Brothers from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. 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. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 28th. Two 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.