Davis R M Inc. Sells 17,939 Shares of Toll Brothers, Inc. (NYSE:TOL)

Davis R M Inc. lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,266 shares of the construction company's stock after selling 17,939 shares during the period. Davis R M Inc. owned approximately 0.20% of Toll Brothers worth $21,613,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Baker Avenue Asset Management LP grew its position in Toll Brothers by 23.1% during the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company's stock valued at $50,000 after acquiring an additional 127 shares during the period. Fifth Third Bancorp grew its stake in Toll Brothers by 26.1% during the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company's stock worth $56,000 after buying an additional 156 shares during the period. Darwin Wealth Management LLC raised its stake in shares of Toll Brothers by 7.0% in the 3rd quarter. Darwin Wealth Management LLC now owns 2,766 shares of the construction company's stock valued at $205,000 after acquiring an additional 182 shares during the period. Cannell & Co. boosted its position in Toll Brothers by 3.0% during the 4th quarter. Cannell & Co. now owns 6,850 shares of the construction company's stock worth $704,000 after purchasing an additional 200 shares during the period. Finally, National Bank of Canada FI increased its holdings in Toll Brothers by 0.5% in the 4th quarter. National Bank of Canada FI now owns 41,463 shares of the construction company's stock valued at $4,177,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Down 0.6 %

Shares of NYSE TOL traded down $0.85 during mid-day trading on Tuesday, reaching $130.21. The company had a trading volume of 2,018,997 shares, compared to its average volume of 1,349,624. The stock has a fifty day moving average of $123.05 and a two-hundred day moving average of $107.13. Toll Brothers, Inc. has a 12-month low of $63.34 and a 12-month high of $135.37. The company has a market capitalization of $13.56 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.09 and a beta of 1.67. 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 issued its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.77 by $0.48. The company 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%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $1.70 EPS. As a group, equities research analysts expect that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were issued a dividend of $0.23 per share. This is a positive change from Toll Brothers's previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.71%. The ex-dividend date was Thursday, April 4th. Toll Brothers's dividend payout ratio (DPR) is 7.11%.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction dated 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 owns 49,721 shares in the company, valued at $5,770,122.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction 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 of the company's stock, valued at approximately $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers 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 sale, the chief financial officer now owns 49,721 shares of the company's stock, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Insiders sold 66,500 shares of company stock valued at $7,881,930 over the last 90 days. 1.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TOL shares. Wells Fargo & Company boosted their price objective on Toll Brothers from $142.00 to $150.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 15th. Seaport Res Ptn lowered shares of Toll Brothers from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Wedbush restated a "neutral" rating and set a $105.00 target price on shares of Toll Brothers in a research note on Wednesday, May 15th. Barclays boosted their price target on Toll Brothers from $95.00 to $115.00 and gave the stock an "underweight" rating in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Toll Brothers from $127.00 to $128.00 and gave the stock an "overweight" rating in a report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.