Headlands Technologies LLC Has $86,000 Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Headlands Technologies LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 66.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 833 shares of the construction company’s stock after selling 1,662 shares during the quarter. Headlands Technologies LLC’s holdings in Toll Brothers were worth $86,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. IFP Advisors Inc lifted its stake in shares of Toll Brothers by 87.1% during the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after buying an additional 230 shares during the last quarter. Castleview Partners LLC acquired 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 worth $50,000 after purchasing an additional 127 shares in the last quarter. Fifth Third Bancorp raised its stake in Toll Brothers by 26.1% in the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after purchasing an additional 156 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in Toll Brothers in the 4th quarter worth about $76,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on TOL. The Goldman Sachs Group lifted their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research note on Thursday, February 22nd. Citigroup lifted their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective for the company in a research note on Monday, January 8th. Barclays lifted their price objective on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.80.

Insiders Place Their Bets

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly 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 Securities & Exchange Commission, which is available at this hyperlink. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carl B. Marbach sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now directly owns 34,069 shares in the company, valued at $4,020,823.38. The disclosure for this sale can be found here. Insiders have sold 66,500 shares of company stock valued at $7,881,930 in the last ninety days. 1.54% of the stock is currently owned by insiders.

Toll Brothers Trading Down 2.0 %

Shares of Toll Brothers stock opened at $119.15 on Wednesday. The firm has a market capitalization of $12.41 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 1.01 and a beta of 1.66. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm’s 50 day moving average is $119.65 and its 200 day moving average is $101.59. Toll Brothers, Inc. has a 1 year low of $61.70 and a 1 year high of $130.63.

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

Toll Brothers Increases Dividend

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

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.