Pathstone Holdings LLC Sells 6,473 Shares of Toll Brothers, Inc. (NYSE:TOL)

Pathstone Holdings LLC cut its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 5.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,136 shares of the construction company's stock after selling 6,473 shares during the quarter. Pathstone Holdings LLC owned about 0.11% of Toll Brothers worth $13,872,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in Toll Brothers during the 4th quarter valued at $149,924,000. Balyasny Asset Management L.P. lifted its holdings in Toll Brothers by 24,475.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock valued at $140,400,000 after purchasing an additional 1,110,192 shares during the last quarter. D1 Capital Partners L.P. acquired a new stake in Toll Brothers during the 4th quarter valued at $106,428,000. Junto Capital Management LP acquired a new stake in Toll Brothers during the 4th quarter valued at $54,929,000. Finally, FMR LLC lifted its holdings in Toll Brothers by 19.4% during the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after purchasing an additional 410,394 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

TOL stock traded up $0.63 during midday trading on Friday, reaching $107.01. The company had a trading volume of 1,465,142 shares, compared to its average volume of 1,552,216. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The stock has a 50 day moving average price of $101.56 and a 200-day moving average price of $123.29. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Equities research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is 6.88%.

Analyst Ratings Changes

TOL has been the subject of several research reports. Keefe, Bruyette & Woods cut their price target on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. Oppenheimer reduced their target price on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday. Royal Bank of Canada reduced their target price on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday. Barclays reduced their target price on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, Wedbush reissued an "outperform" rating and issued a $175.00 target price on shares of Toll Brothers in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $143.64.

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.