Envestnet Asset Management Inc. Has $1.19 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Envestnet Asset Management Inc. raised its holdings in Toll Brothers, Inc. (NYSE:TOL – Get Rating) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,870 shares of the construction company’s stock after acquiring an additional 1,134 shares during the period. Envestnet Asset Management Inc.’s holdings in Toll Brothers were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Toll Brothers by 9.1% in the first quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock valued at $546,551,000 after acquiring an additional 968,528 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Toll Brothers by 1.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,771,255 shares of the construction company’s stock valued at $200,392,000 after acquiring an additional 46,411 shares during the period. State Street Corp boosted its position in shares of Toll Brothers by 1.1% during the first quarter. State Street Corp now owns 4,070,929 shares of the construction company’s stock worth $191,415,000 after buying an additional 45,004 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Toll Brothers by 10.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,773,505 shares of the construction company’s stock worth $177,444,000 after buying an additional 353,364 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Toll Brothers by 2.7% during the third quarter. Bank of New York Mellon Corp now owns 3,019,933 shares of the construction company’s stock worth $126,838,000 after buying an additional 78,109 shares during the period. 82.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on TOL. Raymond James upped their price objective on Toll Brothers from $61.00 to $67.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. UBS Group upped their price objective on Toll Brothers from $65.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Oppenheimer upped their price objective on Toll Brothers from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Bank of America upped their price objective on Toll Brothers from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $55.00 price target on shares of Toll Brothers in a research report on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers presently has an average rating of “Hold” and an average target price of $60.09.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $58.38, for a total transaction of $58,380.00. Following the transaction, the director now owns 136,098 shares in the company, valued at $7,945,401.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $58.69, for a total transaction of $586,900.00. Following the transaction, the director now owns 65,066 shares in the company, valued at $3,818,723.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul E. Shapiro sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $58.38, for a total value of $58,380.00. Following the transaction, the director now owns 136,098 shares in the company, valued at approximately $7,945,401.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,105 shares of company stock worth $831,824. Company insiders own 1.79% of the company’s stock.

Toll Brothers Price Performance

NYSE:TOL opened at $63.75 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 5.59 and a debt-to-equity ratio of 0.52. The stock’s 50 day moving average price is $61.26 and its two-hundred day moving average price is $55.93. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 5.53, a P/E/G ratio of 0.70 and a beta of 1.38. Toll Brothers, Inc. has a 12-month low of $39.53 and a 12-month high of $67.54.

Toll Brothers (NYSE:TOL – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The construction company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.33. The firm had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. Toll Brothers had a return on equity of 21.02% and a net margin of 12.92%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.24 earnings per share. On average, analysts anticipate that Toll Brothers, Inc. will post 8.66 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, April 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.20. Toll Brothers’s dividend payout ratio (DPR) is 7.29%.

Toll Brothers Company Profile

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.