Harvest Fund Management Co. Ltd Has $40,000 Holdings in Toll Brothers Inc. (NYSE:TOL)

Harvest Fund Management Co. Ltd reduced its holdings in Toll Brothers Inc. (NYSE:TOL) by 80.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 382 shares of the construction company’s stock after selling 1,601 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Toll Brothers were worth $40,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Greenhaven Associates Inc. grew its holdings in Toll Brothers by 0.5% in the 1st quarter. Greenhaven Associates Inc. now owns 5,562,582 shares of the construction company’s stock valued at $587,353,000 after buying an additional 26,079 shares in the last quarter. FMR LLC raised its holdings in Toll Brothers by 19.4% in the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock valued at $318,509,000 after acquiring an additional 410,394 shares in the last quarter. Geode Capital Management LLC grew its stake in Toll Brothers by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock worth $276,263,000 after buying an additional 35,001 shares in the last quarter. Invesco Ltd. increased its holdings in Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock valued at $239,751,000 after buying an additional 236,402 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in shares of Toll Brothers by 24.6% during the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company’s stock worth $153,234,000 after acquiring an additional 239,917 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Toll Brothers news, Director Stephen F. East sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total value of $288,325.00. Following the completion of the sale, the director owned 12,787 shares of the company’s stock, valued at $1,474,724.71. This represents a 16.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christine Garvey sold 770 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the sale, the director owned 11,590 shares of the company’s stock, valued at $1,388,713.80. The trade was a 6.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,770 shares of company stock worth $440,586. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wall Street Zen upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. Seaport Res Ptn upgraded shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 23rd. Raymond James Financial reissued a “strong-buy” rating and issued a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Finally, Wells Fargo & Company raised their target price on Toll Brothers from $135.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.23.

Toll Brothers Stock Performance

NYSE TOL opened at $121.92 on Friday. The company has a market cap of $11.97 billion, a P/E ratio of 9.04, a PEG ratio of 1.23 and a beta of 1.33. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a fifty day simple moving average of $113.97 and a 200 day simple moving average of $112.12.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business earned $3.38 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. Sell-side analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers’s dividend payout ratio (DPR) is 7.42%.

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.