Advisors Asset Management Inc. Lowers Position in Toll Brothers Inc. $TOL

Advisors Asset Management Inc. trimmed its stake in Toll Brothers Inc. (NYSE:TOL) by 28.1% in the first quarter, Holdings Channel.com reports. The firm owned 2,656 shares of the construction company’s stock after selling 1,036 shares during the quarter. Advisors Asset Management Inc.’s holdings in Toll Brothers were worth $280,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC grew its stake in shares of Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company’s stock valued at $26,000 after buying an additional 112 shares during the period. Brooklyn Investment Group grew its stake in shares of Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company’s stock valued at $29,000 after buying an additional 94 shares during the period. Larson Financial Group LLC grew its stake in shares of 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 buying an additional 177 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company’s stock valued at $38,000 after buying an additional 249 shares during the period. Finally, Operose Advisors LLC purchased a new stake in shares of Toll Brothers during the 1st quarter valued at $42,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on TOL shares. Raymond James Financial reissued a “strong-buy” rating and set a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a research note on Monday, August 25th. Citigroup boosted their price objective on shares of Toll Brothers from $134.00 to $138.00 and gave the stock a “neutral” rating in a research note on Monday, August 25th. Seaport Res Ptn upgraded shares of Toll Brothers from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 23rd. Evercore ISI reiterated an “outperform” rating and set a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada boosted their price objective on shares of Toll Brothers from $133.00 to $145.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell 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 $149.07.

Toll Brothers Trading Up 2.7%

NYSE TOL opened at $147.09 on Friday. Toll Brothers Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The stock has a market cap of $14.18 billion, a P/E ratio of 10.81, a PEG ratio of 0.94 and a beta of 1.33. The company’s fifty day simple moving average is $129.03 and its 200-day simple moving average is $113.38.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.59 by $0.14. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The firm had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the previous year, the business posted $3.60 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Equities research analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Friday, July 11th were issued a $0.25 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.7%. Toll Brothers’s payout ratio is currently 7.35%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 770 shares of the business’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the transaction, the director owned 11,590 shares in the company, valued at $1,388,713.80. The trade was a 6.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the transaction, the chief executive officer owned 286,117 shares in the company, valued at $39,558,536.42. This represents a 8.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,413 shares of company stock worth $5,746,216 over the last three months. Insiders own 1.54% of the company’s stock.

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.