LSV Asset Management Has $161.79 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

LSV Asset Management lowered its holdings in Toll Brothers, Inc. (NYSE:TOL) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,574,009 shares of the construction company’s stock after selling 49,100 shares during the quarter. LSV Asset Management owned about 1.51% of Toll Brothers worth $161,792,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. SG Americas Securities LLC lifted its position in Toll Brothers by 82.1% in the 3rd quarter. SG Americas Securities LLC now owns 2,724 shares of the construction company’s stock valued at $201,000 after acquiring an additional 1,228 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Toll Brothers by 4.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 40,802 shares of the construction company’s stock worth $3,018,000 after acquiring an additional 1,780 shares during the last quarter. Xponance Inc. grew its stake in shares of Toll Brothers by 2.4% in the 3rd quarter. Xponance Inc. now owns 13,145 shares of the construction company’s stock worth $972,000 after acquiring an additional 308 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Toll Brothers by 15.0% in the third quarter. Raymond James & Associates now owns 103,594 shares of the construction company’s stock valued at $7,662,000 after purchasing an additional 13,519 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Toll Brothers by 117.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 59,829 shares of the construction company’s stock valued at $4,425,000 after purchasing an additional 32,314 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Activity

In other news, Director Carl B. Marbach sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, the director now directly owns 34,069 shares in the company, valued at approximately $4,020,823.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Toll Brothers news, 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 sale, the director now owns 34,069 shares of the company’s stock, valued at approximately $4,020,823.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,500 shares of company stock worth $7,881,930. 1.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

TOL has been the subject of several analyst reports. Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective for the company in a research note on Monday, January 8th. Oppenheimer increased their price target on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods boosted their price objective on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Wedbush reaffirmed a “neutral” rating and set a $87.00 target price on shares of Toll Brothers in a research report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $113.80.

Toll Brothers Stock Performance

TOL traded up $2.39 on Friday, hitting $123.63. The company’s stock had a trading volume of 1,116,164 shares, compared to its average volume of 1,101,907. Toll Brothers, Inc. has a 12 month low of $62.26 and a 12 month high of $130.63. The firm has a market cap of $12.88 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 1.01 and a beta of 1.67. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The company’s 50 day simple moving average is $120.36 and its 200-day simple moving average is $102.21.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period last year, the company earned $1.70 earnings per share. Analysts forecast that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. 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 is presently 7.11%.

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.