Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 28.0% during the fourth quarter, Holdings Channel reports. The firm owned 8,064 shares of the construction company’s stock after acquiring an additional 1,764 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Toll Brothers were worth $1,020,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning increased its position in Toll Brothers by 11.5% during the third quarter. Creative Planning now owns 10,323 shares of the construction company’s stock worth $1,595,000 after buying an additional 1,063 shares during the period. Bleakley Financial Group LLC purchased a new position in shares of Toll Brothers during the third quarter worth approximately $265,000. Blue Trust Inc. increased its holdings in shares of Toll Brothers by 111.4% in the 3rd quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock valued at $55,000 after acquiring an additional 186 shares during the period. OLD National Bancorp IN purchased a new stake in Toll Brothers in the 3rd quarter valued at $207,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Toll Brothers by 74.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock worth $90,000 after purchasing an additional 249 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Trading Up 0.2 %

NYSE:TOL opened at $115.16 on Friday. The stock has a fifty day moving average price of $129.02 and a two-hundred day moving average price of $141.40. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 7.93, a PEG ratio of 1.05 and a beta of 1.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. Toll Brothers, Inc. has a 1 year low of $106.95 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.52% and a net margin of 14.03%. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 14.15 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, January 24th. Investors of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.80%. Toll Brothers’s dividend payout ratio is presently 6.33%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,202 shares of company stock valued at $1,947,436. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup dropped their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada dropped their price target on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. UBS Group cut their price target on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Oppenheimer lowered their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $150.86.

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.