Xponance Inc. Lowers Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Xponance Inc. cut its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.8% in the fourth quarter, HoldingsChannel reports. The fund owned 12,911 shares of the construction company’s stock after selling 234 shares during the period. Xponance Inc.’s holdings in Toll Brothers were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Toll Brothers by 6.0% in the third quarter. AQR Capital Management LLC now owns 2,467,336 shares of the construction company’s stock worth $182,484,000 after purchasing an additional 139,004 shares during the period. Pacer Advisors Inc. boosted its holdings in Toll Brothers by 12.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock worth $209,853,000 after buying an additional 225,354 shares during the period. Bamco Inc. NY increased its stake in Toll Brothers by 0.7% in the 3rd quarter. Bamco Inc. NY now owns 1,784,965 shares of the construction company’s stock worth $132,016,000 after buying an additional 12,520 shares in the last quarter. Invesco Ltd. increased its stake in Toll Brothers by 105.7% in the 3rd quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock worth $111,216,000 after buying an additional 772,849 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in Toll Brothers by 26.9% during the third quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company’s stock valued at $110,294,000 after acquiring an additional 316,100 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The sale 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 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the transaction, 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 a total of 66,500 shares of company stock valued at $7,881,930 over the last 90 days. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TOL shares. Wedbush reaffirmed a “neutral” rating and issued a $87.00 price objective on shares of Toll Brothers in a research note on Wednesday, February 21st. Keefe, Bruyette & Woods upped their price target on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Oppenheimer lifted their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $113.80.

Toll Brothers Stock Performance

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

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. The business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.70 earnings per share. Sell-side analysts predict 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 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 7.11%.

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.