Fisher Asset Management LLC Reduces Stock Position in Toll Brothers Inc. $TOL

Fisher Asset Management LLC decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 58.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,890 shares of the construction company’s stock after selling 126,374 shares during the quarter. Fisher Asset Management LLC owned about 0.09% of Toll Brothers worth $10,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in shares of Toll Brothers by 6.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company’s stock valued at $115,217,000 after buying an additional 67,156 shares during the last quarter. OMNI 360 Wealth Inc. bought a new position in Toll Brothers in the 2nd quarter valued at approximately $341,000. Focus Partners Wealth boosted its stake in Toll Brothers by 11.7% during the 1st quarter. Focus Partners Wealth now owns 73,832 shares of the construction company’s stock valued at $7,796,000 after purchasing an additional 7,762 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Toll Brothers by 13.1% in the 1st quarter. Royal Bank of Canada now owns 183,935 shares of the construction company’s stock worth $19,421,000 after purchasing an additional 21,262 shares in the last quarter. Finally, Inspire Investing LLC purchased a new position in shares of Toll Brothers in the first quarter worth $2,154,000. 91.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TOL has been the subject of a number of recent analyst reports. Evercore ISI reissued an “in-line” rating and issued a $160.00 target price (down previously from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Wedbush reissued an “outperform” rating and set a $165.00 price objective on shares of Toll Brothers in a report on Thursday, September 18th. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Citigroup lifted their target price on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Finally, BTIG Research assumed coverage on Toll Brothers in a report on Monday. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.43.

Insider Buying and Selling

In other news, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the transaction, the director owned 118,753 shares of the company’s stock, valued at $17,533,880.45. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.54% of the stock is currently owned by insiders.

Toll Brothers Stock Up 2.7%

TOL opened at $142.80 on Thursday. The firm’s 50 day simple moving average is $134.90 and its two-hundred day simple moving average is $126.93. The company has a market capitalization of $13.76 billion, a PE ratio of 10.49, a PEG ratio of 1.63 and a beta of 1.39. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $161.62. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Friday, October 10th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, October 10th. Toll Brothers’s payout ratio is currently 7.35%.

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.