Pacer Advisors Inc. Has $989,000 Stock Holdings in Toll Brothers Inc. (NYSE:TOL)

Pacer Advisors Inc. reduced its position in Toll Brothers Inc. (NYSE:TOL) by 67.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 9,362 shares of the construction company’s stock after selling 19,291 shares during the period. Pacer Advisors Inc.’s holdings in Toll Brothers were worth $989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sound Income Strategies LLC boosted its holdings in Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Larson Financial Group LLC lifted its position in Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock valued at $31,000 after purchasing an additional 177 shares during the period. Quarry LP boosted its stake in shares of Toll Brothers by 1,035.7% in the 4th quarter. Quarry LP now owns 318 shares of the construction company’s stock valued at $40,000 after purchasing an additional 290 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Toll Brothers by 46.6% in the 4th quarter. Bessemer Group Inc. now owns 327 shares of the construction company’s stock valued at $41,000 after purchasing an additional 104 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Toll Brothers by 415.0% during the 1st quarter. Sunbelt Securities Inc. now owns 515 shares of the construction company’s stock worth $54,000 after buying an additional 415 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $119.34 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.21 and a quick ratio of 0.44. The firm has a market cap of $11.72 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.36. The stock’s 50-day moving average is $113.33 and its 200-day moving average is $112.23. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $3.38 EPS. Toll Brothers’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts predict that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. Toll Brothers’s dividend payout ratio is presently 7.42%.

Insider Activity

In related news, Director Christine Garvey sold 770 shares of the business’s stock in a transaction that occurred 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 transaction, the director directly owned 11,590 shares of the company’s stock, valued at approximately $1,388,713.80. The trade was a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael J. Grubb sold 500 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $120.00, for a total transaction of $60,000.00. Following the completion of the transaction, the chief accounting officer directly owned 2,439 shares in the company, valued at $292,680. The trade was a 17.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,770 shares of company stock valued at $440,586. 1.54% of the stock is owned by company insiders.

Analyst Ratings Changes

TOL has been the subject of a number of analyst reports. Barclays reaffirmed an “underweight” rating on shares of Toll Brothers in a report on Tuesday, May 20th. UBS Group reissued a “buy” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Wedbush reaffirmed an “outperform” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Raymond James Financial reissued a “strong-buy” rating and set a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Toll Brothers from $132.00 to $120.00 and set a “market perform” rating for the company in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $141.85.

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.