RFG Advisory LLC Trims Stock Position in Toll Brothers, Inc. (NYSE:TOL)

RFG Advisory LLC cut its position in Toll Brothers, Inc. (NYSE:TOL) by 76.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,617 shares of the construction company’s stock after selling 8,433 shares during the quarter. RFG Advisory LLC’s holdings in Toll Brothers were worth $269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Millennium Management LLC raised its position in shares of Toll Brothers by 271.6% during the 4th quarter. Millennium Management LLC now owns 3,096,331 shares of the construction company’s stock valued at $154,569,000 after buying an additional 2,263,039 shares in the last quarter. Norges Bank purchased a new position in Toll Brothers in the 4th quarter worth approximately $53,702,000. Vanguard Group Inc. boosted its position in Toll Brothers by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock valued at $546,551,000 after buying an additional 968,528 shares during the period. Prudential Financial Inc. raised its stake in shares of Toll Brothers by 164.7% during the first quarter. Prudential Financial Inc. now owns 1,274,947 shares of the construction company’s stock valued at $59,949,000 after acquiring an additional 793,239 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Toll Brothers by 105.7% during the third quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock worth $111,216,000 after purchasing an additional 772,849 shares during the period. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction dated Monday, March 4th. The stock was 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 of the company’s stock, valued at $4,020,823.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Carl B. Marbach sold 10,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock valued at $7,702,950 in the last 90 days. Insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Wolfe Research raised Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target for the company in a research note on Monday, January 8th. Barclays lifted their target price on shares of Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. increased their price target on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods lifted their price objective on Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Finally, StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

Toll Brothers Stock Performance

TOL opened at $120.21 on Friday. The firm has a market cap of $12.52 billion, a P/E ratio of 9.29, a PEG ratio of 1.00 and a beta of 1.66. Toll Brothers, Inc. has a 1-year low of $58.99 and a 1-year high of $130.63. The company has a 50 day simple moving average of $115.60 and a two-hundred day simple moving average of $97.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 EPS. Equities analysts forecast that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.92 annualized dividend and a yield of 0.77%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s payout ratio is presently 7.11%.

Toll Brothers Company 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.