American International Group Inc. Sells 8,872 Shares of Toll Brothers, Inc. (NYSE:TOL)

American International Group Inc. reduced its holdings in Toll Brothers, Inc. (NYSE:TOL) by 5.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 145,177 shares of the construction company’s stock after selling 8,872 shares during the quarter. American International Group Inc. owned approximately 0.14% of Toll Brothers worth $14,923,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of TOL. Voss Capital LLC bought a new position in shares of Toll Brothers during the fourth quarter worth about $8,223,000. Ossiam boosted its stake in shares of Toll Brothers by 122.8% in the 4th quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after purchasing an additional 4,159 shares during the last quarter. Jennison Associates LLC increased its position in shares of Toll Brothers by 41.2% during the fourth quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock worth $85,819,000 after buying an additional 243,553 shares during the period. Teachers Retirement System of The State of Kentucky increased its position in shares of Toll Brothers by 87.8% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock worth $2,687,000 after buying an additional 16,993 shares during the period. Finally, Wedge Capital Management L L P NC raised its stake in Toll Brothers by 11.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock worth $52,522,000 after buying an additional 54,384 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In related news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now owns 28,527 shares in the company, valued at approximately $3,387,295.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,670 shares of company stock worth $2,586,315. Insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TOL shares. StockNews.com upgraded Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. The Goldman Sachs Group lifted their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Royal Bank of Canada increased their price target on Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Argus lifted their price objective on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Wells Fargo & Company boosted their target price on shares of Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.20.

Toll Brothers Stock Down 1.2 %

Toll Brothers stock traded down $1.46 during trading on Friday, hitting $119.32. 1,224,486 shares of the company were exchanged, compared to its average volume of 1,491,136. The company has a market capitalization of $12.25 billion, a P/E ratio of 8.15, a PEG ratio of 0.97 and a beta of 1.66. The business’s 50 day moving average is $121.43 and its 200 day moving average is $111.88. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $135.37. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The firm had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the company earned $2.85 EPS. The business’s revenue was up 13.2% compared to the same quarter last year. Analysts predict that Toll Brothers, Inc. will post 12.94 earnings per share for the current year.

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.