Wealth Enhancement Advisory Services LLC Reduces Holdings in Toll Brothers Inc. (NYSE:TOL)

Wealth Enhancement Advisory Services LLC decreased its position in shares of Toll Brothers Inc. (NYSE:TOL) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 304,756 shares of the construction company’s stock after selling 196 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.31% of Toll Brothers worth $32,179,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after acquiring an additional 75 shares during the period. Insigneo Advisory Services LLC lifted its position in shares of Toll Brothers by 4.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock valued at $251,000 after acquiring an additional 89 shares during the period. Peapack Gladstone Financial Corp lifted its position in shares of Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock valued at $227,000 after acquiring an additional 100 shares during the period. NewEdge Advisors LLC lifted its position in shares of Toll Brothers by 1.7% during the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock valued at $762,000 after acquiring an additional 100 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of Toll Brothers by 46.6% during the 4th quarter. Bessemer Group Inc. now owns 327 shares of the construction company’s stock valued at $41,000 after acquiring an additional 104 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Up 2.9%

Shares of Toll Brothers stock opened at $108.54 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a market capitalization of $10.66 billion, a P/E ratio of 8.05, a P/E/G ratio of 1.10 and a beta of 1.35. The business has a 50 day moving average price of $103.58 and a 200 day moving average price of $114.98.

Toll Brothers (NYSE:TOL) last issued 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. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. Toll Brothers’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.38 EPS. Sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 0.92%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.42%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TOL. Wells Fargo & Company reduced their price target on shares of Toll Brothers from $130.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, June 3rd. Oppenheimer reduced their price target on shares of 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 reiterated a “buy” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Barclays reiterated an “underweight” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Royal Bank Of Canada reduced their price target on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $141.08.

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.