Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Leuthold Group LLC

Leuthold Group LLC lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,662 shares of the construction company’s stock after selling 114 shares during the period. Toll Brothers comprises 1.0% of Leuthold Group LLC’s investment portfolio, making the stock its 25th biggest position. Leuthold Group LLC’s holdings in Toll Brothers were worth $7,983,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in TOL. National Bank of Canada FI boosted 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. ABS Direct Equity Fund LLC purchased a new position in shares of Toll Brothers in the 4th quarter valued at $514,000. Natixis Advisors L.P. raised its stake in shares of Toll Brothers by 3.8% during the fourth quarter. Natixis Advisors L.P. now owns 13,935 shares of the construction company’s stock valued at $1,432,000 after purchasing an additional 506 shares during the period. First Trust Direct Indexing L.P. boosted its position in Toll Brothers by 6.7% in the 4th quarter. First Trust Direct Indexing L.P. now owns 4,358 shares of the construction company’s stock valued at $448,000 after buying an additional 274 shares during the last quarter. Finally, New York Life Investment Management LLC grew its stake in Toll Brothers by 6.9% during the 4th quarter. New York Life Investment Management LLC now owns 12,342 shares of the construction company’s stock valued at $1,269,000 after purchasing an additional 796 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the transaction, the chief executive officer now owns 346,382 shares in the company, valued at approximately $41,167,500.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Stephen F. East sold 1,500 shares of the firm’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 sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $41,167,500.70. The disclosure for this sale can be found here. Insiders have sold a total of 66,500 shares of company stock valued at $7,881,930 in the last ninety days. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded up $0.30 during trading on Tuesday, hitting $128.06. 122,285 shares of the stock were exchanged, compared to its average volume of 1,337,930. 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 fifty day moving average price of $120.67 and a 200-day moving average price of $103.05. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 1.03 and a beta of 1.67. Toll Brothers, Inc. has a 1-year low of $63.00 and a 1-year high of $130.63.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate 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 was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 earnings per share. As a group, equities analysts predict that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a $0.23 dividend. The ex-dividend date was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.72%. Toll Brothers’s payout ratio is 7.11%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TOL shares. Keefe, Bruyette & Woods lifted their price objective on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. The Goldman Sachs Group boosted their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Oppenheimer lifted their target price on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Wells Fargo & Company increased their target price on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Wedbush reissued a “neutral” rating and set a $87.00 price target on shares of Toll Brothers in a research report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $113.80.

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.