Handelsbanken Fonder AB Lowers Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Handelsbanken Fonder AB trimmed its stake in Toll Brothers, Inc. (NYSE:TOL) by 19.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,400 shares of the construction company’s stock after selling 5,400 shares during the period. Handelsbanken Fonder AB’s holdings in Toll Brothers were worth $2,302,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TOL. Invesco Ltd. lifted its position in shares of Toll Brothers by 105.7% in the 3rd quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock worth $111,216,000 after purchasing an additional 772,849 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of Toll Brothers in the 3rd quarter worth approximately $48,457,000. Acadian Asset Management LLC lifted its position in shares of Toll Brothers by 26.9% in the 3rd quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company’s stock worth $110,294,000 after purchasing an additional 316,100 shares during the period. Qube Research & Technologies Ltd lifted its position in shares of Toll Brothers by 157.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 509,177 shares of the construction company’s stock worth $37,659,000 after purchasing an additional 311,092 shares during the period. Finally, Pacer Advisors Inc. lifted its position 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 during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the sale, the chief executive officer now owns 346,382 shares in the company, valued at $41,167,500.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the sale, the director now owns 34,069 shares in the company, valued at $4,020,823.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the sale, the chief executive officer now owns 346,382 shares in the company, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. Insiders have sold 66,500 shares of company stock worth $7,881,930 over the last 90 days. 1.54% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TOL shares. Keefe, Bruyette & Woods upped their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group increased their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research report on Thursday, February 22nd. Oppenheimer increased their target price on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Finally, Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 target price for the company in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $113.80.

Toll Brothers Trading Up 2.4 %

Shares of Toll Brothers stock opened at $120.22 on Friday. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a 12-month low of $61.70 and a 12-month high of $130.63. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 0.98 and a beta of 1.66. The firm’s 50 day simple moving average is $118.95 and its two-hundred day simple moving average is $100.54.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business posted $1.70 EPS. Toll Brothers’s revenue for the quarter was up 9.4% compared to the same quarter last year. Analysts predict that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.23 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.77%. Toll Brothers’s dividend payout ratio is presently 7.11%.

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.