Panagora Asset Management Inc. Has $35.90 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Panagora Asset Management Inc. lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 18.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 349,248 shares of the construction company's stock after selling 79,235 shares during the quarter. Panagora Asset Management Inc. owned about 0.33% of Toll Brothers worth $35,899,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. First Eagle Investment Management LLC raised its holdings in shares of Toll Brothers by 17.5% during the 4th quarter. First Eagle Investment Management LLC now owns 28,611 shares of the construction company's stock valued at $2,941,000 after buying an additional 4,260 shares during the period. Baader Bank Aktiengesellschaft acquired a new position in shares of Toll Brothers during the fourth quarter worth $432,000. Inceptionr LLC boosted its stake in shares of Toll Brothers by 48.2% in the fourth quarter. Inceptionr LLC now owns 4,677 shares of the construction company's stock valued at $481,000 after purchasing an additional 1,521 shares during the period. Moran Wealth Management LLC boosted its stake in shares of Toll Brothers by 122.4% in the fourth quarter. Moran Wealth Management LLC now owns 17,180 shares of the construction company's stock valued at $1,766,000 after purchasing an additional 9,456 shares during the period. Finally, Ieq Capital LLC acquired a new stake in Toll Brothers during the 4th quarter valued at $256,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In related 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 completion of the sale, the director now owns 9,389 shares of the company's stock, valued at $1,120,295.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction on Monday, March 4th. The shares were 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 in the company, valued at $4,020,823.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded down $0.39 during trading on Friday, hitting $130.74. 1,098,223 shares of the stock were exchanged, compared to its average volume of 1,146,134. The stock has a market cap of $13.62 billion, a PE ratio of 10.10, a P/E/G ratio of 1.09 and a beta of 1.67. The stock's fifty day moving average is $122.81 and its 200 day moving average is $106.28. Toll Brothers, Inc. has a 12 month low of $63.34 and a 12 month high of $135.37. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95.

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

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.23 dividend. This is a boost 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 0.70%. Toll Brothers's dividend payout ratio is presently 7.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TOL shares. Keefe, Bruyette & Woods upped their price objective on shares of Toll Brothers from $120.00 to $135.00 and gave the company an "outperform" rating in a research report on Wednesday, February 28th. Wells Fargo & Company upped their target price on Toll Brothers from $142.00 to $150.00 and gave the company an "overweight" rating in a research report on Wednesday. Seaport Res Ptn downgraded shares of Toll Brothers from a "buy" rating to a "neutral" rating in a research report on Monday, January 22nd. Oppenheimer upped their target price on shares of Toll Brothers from $141.00 to $157.00 and gave the company an "outperform" rating in a research note on Thursday, March 21st. Finally, StockNews.com upgraded Toll Brothers from a "hold" rating to a "buy" rating in a research note on Tuesday, April 16th. Two equities research 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 company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $116.40.

About Toll Brothers

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.