Pitcairn Co. Sells 169 Shares of Toll Brothers, Inc. (NYSE:TOL)

Pitcairn Co. cut its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,384 shares of the construction company’s stock after selling 169 shares during the quarter. Pitcairn Co.’s holdings in Toll Brothers were worth $438,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TOL. Register Financial Advisors LLC bought a new position in shares of Toll Brothers during the first quarter valued at $26,000. Contravisory Investment Management Inc. acquired a new stake in shares of Toll Brothers in the first quarter valued at $34,000. Rise Advisors LLC acquired a new stake in shares of Toll Brothers in the first quarter valued at $35,000. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at $36,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Toll Brothers by 35.7% in the first quarter. Venturi Wealth Management LLC now owns 399 shares of the construction company’s stock valued at $52,000 after buying an additional 105 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Toll Brothers from a “sell” rating to a “neutral” rating and raised their target price for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Barclays lowered their target price on Toll Brothers from $118.00 to $116.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Wells Fargo & Company raised their target price on Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Argus raised their target price on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, June 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $105.00 price objective on shares of Toll Brothers in a research report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.25.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the sale, the chief financial officer now owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the business’s 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 transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,170 shares of company stock worth $2,407,335. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 1.8 %

Shares of Toll Brothers stock traded up $2.37 during trading on Thursday, hitting $132.65. 1,251,545 shares of the company were exchanged, compared to its average volume of 1,389,935. The firm has a market capitalization of $13.62 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.67. Toll Brothers, Inc. has a 1-year low of $68.08 and a 1-year high of $137.20. The firm’s fifty day moving average price is $120.57 and its 200 day moving average price is $116.23. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the firm earned $2.85 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 12.94 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, July 5th. Toll Brothers’s payout ratio is 6.28%.

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.