Hennion & Walsh Asset Management Inc. Sells 1,829 Shares of Toll Brothers, Inc. (NYSE:TOL)

Hennion & Walsh Asset Management Inc. trimmed its holdings in Toll Brothers, Inc. (NYSE:TOL) by 6.3% in the 1st quarter, Holdings Channel reports. The fund owned 27,139 shares of the construction company’s stock after selling 1,829 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Toll Brothers were worth $3,511,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TOL. Norges Bank bought a new stake in Toll Brothers during the fourth quarter valued at approximately $128,982,000. Qube Research & Technologies Ltd boosted its stake in shares of Toll Brothers by 157.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 509,177 shares of the construction company’s stock worth $37,659,000 after acquiring an additional 311,092 shares during the last quarter. Jennison Associates LLC grew its position in shares of Toll Brothers by 41.2% during the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after acquiring an additional 243,553 shares during the period. Pacer Advisors Inc. increased its stake in shares of Toll Brothers by 12.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock worth $209,853,000 after purchasing an additional 225,354 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Toll Brothers by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after purchasing an additional 216,849 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 16,194 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the transaction, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now directly owns 28,527 shares in the company, valued at $3,387,295.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the transaction, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. Insiders have sold a total of 21,670 shares of company stock valued at $2,586,315 in the last 90 days. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 0.0 %

Shares of TOL opened at $115.18 on Friday. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.94 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. Toll Brothers, Inc. has a 1-year low of $68.08 and a 1-year high of $135.37. The company has a 50-day moving average of $121.22 and a 200 day moving average of $113.81.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $2.85 earnings per share. On average, research analysts expect that Toll Brothers, Inc. will post 12.94 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Friday, July 5th. Toll Brothers’s payout ratio is 6.28%.

Analysts Set New Price Targets

TOL has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price objective on Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Keefe, Bruyette & Woods upped their price target on shares of Toll Brothers from $135.00 to $142.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 4th. The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their price objective for the company from $112.00 to $124.00 in a research report on Monday, June 17th. Citigroup lifted their target price on shares of Toll Brothers from $138.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $129.07.

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.