Nisa Investment Advisors LLC Sells 1,029 Shares of Toll Brothers, Inc. (NYSE:TOL)

Nisa Investment Advisors LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,624 shares of the construction company’s stock after selling 1,029 shares during the period. Nisa Investment Advisors LLC’s holdings in Toll Brothers were worth $4,176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TOL. First Capital Advisors Group LLC. bought a new stake in shares of Toll Brothers in the 2nd quarter worth $36,000. IFP Advisors Inc increased its holdings in shares of Toll Brothers by 87.1% in the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after purchasing an additional 230 shares in the last quarter. Castleview Partners LLC bought a new stake in shares of Toll Brothers in the 3rd quarter worth $37,000. Dark Forest Capital Management LP bought a new stake in shares of Toll Brothers in the 1st quarter worth $38,000. Finally, Baker Avenue Asset Management LP increased its holdings in shares of Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after purchasing an additional 127 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Up 1.5 %

Shares of NYSE TOL opened at $120.35 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The business’s 50 day moving average price is $115.22 and its 200-day moving average price is $97.02. Toll Brothers, Inc. has a fifty-two week low of $58.99 and a fifty-two week high of $130.63. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.99 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. On average, sell-side analysts expect that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.23 per share. 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 0.76%. The ex-dividend date is Thursday, April 4th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.11%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Oppenheimer lifted their price objective on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. The Goldman Sachs Group lifted their price objective on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Wells Fargo & Company lifted their price objective on Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Wolfe Research raised Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective for the company in a report on Monday, January 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

Insiders Place Their Bets

In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following 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 is available at the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the sale, the director now directly owns 34,069 shares in the company, valued at approximately $4,020,823.38. The disclosure for this sale can be found here. Insiders have sold 65,000 shares of company stock worth $7,702,950 in the last ninety days. 1.54% of the stock is owned by company insiders.

Toll Brothers Profile

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.