Envestnet Asset Management Inc. Has $3.95 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Envestnet Asset Management Inc. trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 14.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,373 shares of the construction company’s stock after selling 5,377 shares during the period. Envestnet Asset Management Inc.’s holdings in Toll Brothers were worth $3,951,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Morse Asset Management Inc acquired a new stake in Toll Brothers in the third quarter worth $62,000. Barclays PLC grew its stake in shares of Toll Brothers by 3.9% in the 3rd quarter. Barclays PLC now owns 233,681 shares of the construction company’s stock valued at $36,103,000 after buying an additional 8,794 shares during the period. Invst LLC bought a new stake in Toll Brothers in the 3rd quarter valued at about $262,000. Virtu Financial LLC raised its stake in Toll Brothers by 175.5% during the 3rd quarter. Virtu Financial LLC now owns 8,477 shares of the construction company’s stock worth $1,310,000 after buying an additional 5,400 shares during the period. Finally, World Investment Advisors LLC bought a new position in Toll Brothers in the third quarter worth approximately $12,506,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TOL. Wells Fargo & Company decreased their price objective on Toll Brothers from $150.00 to $120.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Oppenheimer lowered their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. StockNews.com upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a report on Saturday, April 5th. UBS Group lowered their target price on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average target price of $144.79.

Toll Brothers Stock Up 0.7 %

TOL opened at $98.20 on Thursday. The company’s 50-day moving average price is $104.53 and its two-hundred day moving average price is $129.12. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The stock has a market cap of $9.81 billion, a price-to-earnings ratio of 6.76, a PEG ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. As a group, equities analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.25 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s dividend payout ratio is presently 6.88%.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.54% of the stock is owned by insiders.

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.