Lindbrook Capital LLC Has $101,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Lindbrook Capital LLC cut its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 41.4% during the 4th quarter, Holdings Channel reports. The firm owned 984 shares of the construction company’s stock after selling 695 shares during the quarter. Lindbrook Capital LLC’s holdings in Toll Brothers were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of TOL. IFP Advisors Inc raised its position in shares of Toll Brothers by 87.1% in the third quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock valued at $37,000 after purchasing an additional 230 shares during the period. Castleview Partners LLC bought a new position in Toll Brothers in the 3rd quarter valued at about $37,000. Baker Avenue Asset Management LP lifted its position in Toll Brothers by 23.1% during the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after acquiring an additional 127 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Toll Brothers by 26.1% during the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after acquiring an additional 156 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Toll Brothers in the fourth quarter valued at approximately $113,000. 91.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 34,069 shares of the company’s stock, valued at approximately $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 other news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers 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 sale, 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. Also, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders have sold 66,500 shares of company stock valued at $7,881,930 in the last three months. 1.54% of the stock is currently owned by insiders.

Toll Brothers Trading Down 0.7 %

NYSE TOL opened at $118.72 on Thursday. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a 52 week low of $61.17 and a 52 week high of $130.63. The business has a 50 day moving average price of $118.33 and a 200-day moving average price of $100.08. The company has a market cap of $12.37 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 1.00 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data 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. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The business’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect 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 was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a $0.23 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, April 4th. Toll Brothers’s dividend payout ratio is presently 7.11%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TOL shares. Seaport Res Ptn lowered Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. The Goldman Sachs Group upped their price target on shares of Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research note on Thursday, February 22nd. Barclays lifted their price objective on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. Citigroup raised their target price on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company boosted their price target on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

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.