Gabelli Funds LLC Sells 19,200 Shares of Toll Brothers, Inc. (NYSE:TOL)

Gabelli Funds LLC cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOLFree Report) by 34.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,500 shares of the construction company’s stock after selling 19,200 shares during the period. Gabelli Funds LLC’s holdings in Toll Brothers were worth $3,752,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Baker Avenue Asset Management LP increased its stake in shares of Toll Brothers by 23.1% during the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after buying an additional 127 shares during the period. Cannell & Co. increased its stake in shares of Toll Brothers by 3.0% during the fourth quarter. Cannell & Co. now owns 6,850 shares of the construction company’s stock valued at $704,000 after buying an additional 200 shares during the period. National Bank of Canada FI increased its stake in shares of Toll Brothers by 0.5% during the fourth quarter. National Bank of Canada FI now owns 41,463 shares of the construction company’s stock valued at $4,177,000 after buying an additional 221 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Toll Brothers by 2.1% during the third quarter. Tower Research Capital LLC TRC now owns 12,207 shares of the construction company’s stock valued at $903,000 after buying an additional 250 shares during the period. Finally, Martin Capital Advisors LLP increased its stake in shares of Toll Brothers by 8.9% during the fourth quarter. Martin Capital Advisors LLP now owns 3,056 shares of the construction company’s stock valued at $314,000 after buying an additional 251 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TOL shares. Keefe, Bruyette & Woods boosted their target price on Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. UBS Group lifted their price target on Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. JPMorgan Chase & Co. lifted their price target on Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Royal Bank of Canada lifted their price target on Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Finally, Barclays lifted their price target on Toll Brothers from $115.00 to $118.00 and gave the company an “underweight” rating in a research report on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.75.

Get Our Latest Research Report on TOL

Toll Brothers Trading Down 1.4 %

Shares of NYSE:TOL opened at $117.09 on Friday. The company has a market cap of $12.02 billion, a P/E ratio of 8.00, a PEG ratio of 0.95 and a beta of 1.66. 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 1 year low of $68.08 and a 1 year high of $135.37. The stock’s fifty day moving average price is $122.05 and its 200-day moving average price is $110.69.

Toll Brothers (NYSE:TOLGet Free Report) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.85 earnings per share. Sell-side analysts expect that Toll Brothers, Inc. will post 12.94 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a dividend of $0.23 per share. 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 0.79%. The ex-dividend date was Thursday, April 4th. Toll Brothers’s dividend payout ratio is presently 6.28%.

Insider Activity

In other news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Profile

(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.

See Also

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

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