Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Assetmark Inc.

Assetmark Inc. raised its holdings in shares of Toll Brothers, Inc. (NYSE:TOLFree Report) by 193,466.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,807 shares of the construction company’s stock after acquiring an additional 5,804 shares during the quarter. Assetmark Inc.’s holdings in Toll Brothers were worth $597,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Voss Capital LLC acquired a new stake in Toll Brothers during the 4th quarter worth approximately $8,223,000. Jennison Associates LLC raised its stake in shares of Toll Brothers by 41.2% during the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock worth $85,819,000 after buying an additional 243,553 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of Toll Brothers by 87.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock worth $2,687,000 after buying an additional 16,993 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Toll Brothers by 11.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock worth $52,522,000 after buying an additional 54,384 shares in the last quarter. Finally, Natixis Advisors L.P. raised its stake in shares of Toll Brothers by 21.6% during the 3rd quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company’s stock worth $993,000 after buying an additional 2,386 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Stephen F. East sold 1,500 shares of the stock in a transaction dated Monday, April 15th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction that occurred 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 owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. 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 quarter. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Stock Down 2.3 %

TOL stock opened at $120.11 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. Toll Brothers, Inc. has a 52-week low of $66.17 and a 52-week high of $135.37. The company has a 50-day moving average of $123.25 and a two-hundred day moving average of $108.93. The stock has a market capitalization of $12.51 billion, a price-to-earnings ratio of 8.20, a price-to-earnings-growth ratio of 1.00 and a beta of 1.67.

Toll Brothers (NYSE:TOLGet Free Report) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The company had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 EPS. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 12.92 EPS for the current year.

Toll Brothers Increases Dividend

The firm 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 represents a $0.92 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio is 6.28%.

Analyst Ratings Changes

TOL has been the subject of a number of analyst reports. Barclays increased their target price on Toll Brothers from $115.00 to $118.00 and gave the stock an “underweight” rating in a research note on Tuesday. Wedbush reissued a “neutral” rating and set a $105.00 target price on shares of Toll Brothers in a research note on Wednesday, May 22nd. Royal Bank of Canada raised their price objective on Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. Citigroup raised their price objective on Toll Brothers from $138.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, JPMorgan Chase & Co. raised their price objective on Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $123.27.

View Our Latest Stock Analysis on Toll Brothers

About Toll Brothers

(Free Report)

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.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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