Cetera Investment Advisers Sells 4,422 Shares of Toll Brothers Inc. (NYSE:TOL)

Cetera Investment Advisers decreased its holdings in Toll Brothers Inc. (NYSE:TOL) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,958 shares of the construction company’s stock after selling 4,422 shares during the quarter. Cetera Investment Advisers’ holdings in Toll Brothers were worth $3,586,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Trail Ridge Investment Advisors LLC raised its stake in Toll Brothers by 0.5% during the first quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock worth $2,706,000 after buying an additional 132 shares during the last quarter. Left Brain Wealth Management LLC bought a new stake in Toll Brothers in the first quarter valued at $317,000. MQS Management LLC bought a new stake in Toll Brothers in the first quarter valued at $649,000. Financial Security Advisor Inc. bought a new stake in Toll Brothers in the first quarter valued at $231,000. Finally, Concurrent Investment Advisors LLC bought a new stake in Toll Brothers in the first quarter valued at $227,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE TOL opened at $125.14 on Tuesday. The company’s 50 day moving average is $113.97 and its 200-day moving average is $111.81. Toll Brothers Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The firm has a market cap of $12.29 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33.

Toll Brothers (NYSE:TOL) last posted 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. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. Toll Brothers’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.38 EPS. Sell-side analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

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

Insider Buying and Selling

In other news, CAO Michael J. Grubb sold 500 shares of the stock in a transaction on Monday, July 14th. The shares were sold at an average price of $120.00, for a total value of $60,000.00. Following the transaction, the chief accounting officer owned 2,439 shares of the company’s stock, valued at $292,680. This represents a 17.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Garvey sold 770 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the transaction, the director directly owned 11,590 shares in the company, 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. In the last 90 days, insiders have sold 3,770 shares of company stock valued at $440,586. Company insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of several research analyst reports. Seaport Res Ptn raised shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. UBS Group restated a “buy” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Royal Bank Of Canada cut their price target on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday, May 16th. Barclays restated an “underweight” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Wedbush restated an “outperform” rating on shares of Toll Brothers in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $142.23.

About Toll Brothers

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.