Gotham Asset Management LLC Sells 273 Shares of Toll Brothers, Inc. (NYSE:TOL)

Gotham Asset Management LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 10.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,323 shares of the construction company’s stock after selling 273 shares during the quarter. Gotham Asset Management LLC’s holdings in Toll Brothers were worth $293,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in Toll Brothers during the 4th quarter valued at $27,000. Promus Capital LLC bought a new stake in Toll Brothers during the 4th quarter valued at $29,000. IAG Wealth Partners LLC boosted its position in shares of Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after purchasing an additional 238 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its position in shares of Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after purchasing an additional 250 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Performance

NYSE TOL opened at $104.25 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The stock has a 50-day simple moving average of $101.57 and a two-hundred day simple moving average of $122.71. The firm has a market capitalization of $10.41 billion, a P/E ratio of 7.17, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the business earned $3.38 EPS. Toll Brothers’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities analysts forecast 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 was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is currently 6.88%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays reissued an “underweight” rating on shares of Toll Brothers in a research report on Tuesday. Royal Bank of Canada lowered their price objective on Toll Brothers from $139.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. Oppenheimer lowered their price objective on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, May 15th. UBS Group reissued a “buy” rating on shares of Toll Brothers in a research report on Tuesday. Finally, Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $143.64.

Toll Brothers Company 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.