LSV Asset Management Sells 13,820 Shares of Toll Brothers Inc. (NYSE:TOL)

LSV Asset Management trimmed its holdings in Toll Brothers Inc. (NYSE:TOL) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000,389 shares of the construction company’s stock after selling 13,820 shares during the quarter. LSV Asset Management owned about 1.00% of Toll Brothers worth $105,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC increased its stake in shares of Toll Brothers by 84.2% in the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock worth $26,000 after acquiring an additional 112 shares in the last quarter. Larson Financial Group LLC increased its stake in Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after purchasing an additional 177 shares in the last quarter. Quarry LP increased its stake in Toll Brothers by 1,035.7% during the 4th quarter. Quarry LP now owns 318 shares of the construction company’s stock valued at $40,000 after purchasing an additional 290 shares in the last quarter. Bessemer Group Inc. increased its stake in 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 purchasing an additional 104 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its stake in Toll Brothers by 415.0% during the 1st quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company’s stock valued at $54,000 after purchasing an additional 415 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Up 3.0%

Shares of NYSE:TOL opened at $121.92 on Friday. The business has a 50-day moving average price of $113.97 and a 200 day moving average price of $111.97. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.27 and a beta of 1.33. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last released its 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% compared to the same quarter last year. During the same period in the previous year, the company posted $3.38 EPS. Sell-side analysts expect that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Friday, July 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 0.8%. Toll Brothers’s payout ratio is presently 7.42%.

Insider Buying and Selling

In related news, CAO Michael J. Grubb sold 500 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the sale, the chief accounting officer owned 2,439 shares in the company, valued at $292,680. The trade was a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen F. East sold 2,500 shares of the business’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 sale, the director owned 12,787 shares of the company’s stock, valued at approximately $1,474,724.71. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,770 shares of company stock worth $440,586 over the last 90 days. 1.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Toll Brothers from $132.00 to $120.00 and set a “market perform” rating for the company in a research note on Tuesday, May 20th. Wedbush reaffirmed an “outperform” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Wells Fargo & Company raised their price target on shares of Toll Brothers from $135.00 to $140.00 and gave the company an “overweight” rating in a report on Friday. UBS Group reaffirmed a “buy” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $142.23.

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.