Allspring Global Investments Holdings LLC Reduces Holdings in Toll Brothers, Inc. (NYSE:TOL)

Allspring Global Investments Holdings LLC lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 78.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,063 shares of the construction company’s stock after selling 3,884 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Toll Brothers were worth $109,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TOL. Arlington Trust Co LLC purchased a new position in shares of Toll Brothers during the 4th quarter worth approximately $308,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $1,649,000. DekaBank Deutsche Girozentrale grew its stake in Toll Brothers by 191.9% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 8,103 shares of the construction company’s stock worth $836,000 after purchasing an additional 5,327 shares during the period. Stratos Wealth Partners LTD. bought a new position in Toll Brothers in the fourth quarter worth $241,000. Finally, Capital Insight Partners LLC lifted its position in Toll Brothers by 10.8% during the fourth quarter. Capital Insight Partners LLC now owns 10,206 shares of the construction company’s stock valued at $1,049,000 after buying an additional 994 shares during the period. 91.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the transaction, the chief financial officer now owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Stephen F. East sold 1,500 shares of the company’s 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 completion of the transaction, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders sold 66,500 shares of company stock valued at $7,881,930 over the last 90 days. Company insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

TOL opened at $120.22 on Monday. The company’s 50-day simple moving average is $118.95 and its two-hundred day simple moving average is $100.90. 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 stock has a market capitalization of $12.52 billion, a P/E ratio of 9.29, a P/E/G ratio of 1.00 and a beta of 1.66. Toll Brothers, Inc. has a 52-week low of $61.70 and a 52-week high of $130.63.

Toll Brothers (NYSE:TOL) last issued 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. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company 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 firm earned $1.70 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, analysts predict that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.23 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, April 4th. Toll Brothers’s dividend payout ratio (DPR) is 7.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on TOL shares. 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 target price on shares of Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Oppenheimer upped their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Seaport Res Ptn downgraded Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Finally, The Goldman Sachs Group raised their price target on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

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.