Massachusetts Financial Services Co. MA Trims Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Massachusetts Financial Services Co. MA cut its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,156,843 shares of the construction company's stock after selling 558,673 shares during the period. Massachusetts Financial Services Co. MA owned 3.03% of Toll Brothers worth $324,492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Baker Avenue Asset Management LP increased its position 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 worth $50,000 after purchasing an additional 127 shares during the last quarter. Nilsine Partners LLC grew its position in Toll Brothers by 0.8% in the third quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company's stock worth $1,297,000 after acquiring an additional 146 shares in the last quarter. Fifth Third Bancorp increased its stake in Toll Brothers by 26.1% in the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company's stock valued at $56,000 after acquiring an additional 156 shares during the last quarter. First Trust Direct Indexing L.P. raised its position in Toll Brothers by 4.1% during the third 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 in the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Toll Brothers by 4.1% in the 3rd quarter. Inspire Investing LLC now owns 4,141 shares of the construction company's stock worth $306,000 after purchasing an additional 165 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays increased their price target on shares of Toll Brothers from $95.00 to $115.00 and gave the company an "underweight" rating in a research report on Monday, February 26th. Seaport Res Ptn lowered Toll Brothers from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. Wedbush restated a "neutral" rating and set a $87.00 price target on shares of Toll Brothers in a research report on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price objective on Toll Brothers from $127.00 to $128.00 and gave the company an "overweight" rating in a research report on Friday, February 23rd. Finally, Wells Fargo & Company lifted their target price on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus target price of $113.80.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at $5,770,122.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Martin P. Connor sold 5,000 shares of the company's stock in a transaction 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 completion of the sale, the chief financial officer now owns 49,721 shares in the company, valued at $5,770,122.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the transaction, the director now directly owns 34,069 shares in the company, valued at $4,020,823.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Up 1.0 %

Toll Brothers stock traded up $1.29 during mid-day trading on Tuesday, hitting $127.44. The company had a trading volume of 1,030,661 shares, compared to its average volume of 1,334,892. The stock's 50 day moving average price is $122.06 and its two-hundred day moving average price is $105.47. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $13.28 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 1.06 and a beta of 1.67. Toll Brothers, Inc. has a 12 month low of $63.34 and a 12 month high of $130.63.

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 analysts' consensus estimates of $1.77 by $0.48. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. Toll Brothers's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $1.70 EPS. As a group, sell-side analysts anticipate 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 was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.72%. This is an increase 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%.

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.