Xponance Inc. Sells 234 Shares of Toll Brothers, Inc. (NYSE:TOL)

Xponance Inc. lessened its stake in Toll Brothers, Inc. (NYSE:TOL) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,911 shares of the construction company’s stock after selling 234 shares during the quarter. Xponance Inc.’s holdings in Toll Brothers were worth $1,327,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its stake in shares of Toll Brothers by 87.1% in the third quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock valued at $37,000 after buying an additional 230 shares during the period. Castleview Partners LLC purchased a new stake in Toll Brothers in the 3rd quarter worth about $37,000. Baker Avenue Asset Management LP raised its stake in Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after acquiring an additional 127 shares during the period. Fifth Third Bancorp lifted its holdings in Toll Brothers by 26.1% during the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after purchasing an additional 156 shares during the last quarter. Finally, Western Pacific Wealth Management LP boosted its position in Toll Brothers by 103.3% during the third quarter. Western Pacific Wealth Management LP now owns 1,220 shares of the construction company’s stock worth $90,000 after purchasing an additional 620 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

TOL has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. The Goldman Sachs Group boosted their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. raised their price target on Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Oppenheimer boosted their price objective on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Finally, Citigroup increased their price objective on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.80.

Toll Brothers Stock Down 0.7 %

Shares of NYSE:TOL opened at $118.72 on Thursday. The firm has a market capitalization of $12.37 billion, a PE ratio of 9.17, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. Toll Brothers, Inc. has a 52-week low of $61.17 and a 52-week high of $130.63. The firm has a fifty day moving average of $118.33 and a 200 day moving average of $100.08.

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

Toll Brothers Increases Dividend

The firm 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. The ex-dividend date was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 0.77%. Toll Brothers’s dividend payout ratio (DPR) is 7.11%.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 1,500 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $41,167,500.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares in the company, valued at $1,120,295.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,500 shares of company stock worth $7,881,930. 1.54% of the stock is currently owned by insiders.

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.