Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 36.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 134,425 shares of the construction company’s stock after selling 77,659 shares during the period. Alliancebernstein L.P.’s holdings in Toll Brothers were worth $16,931,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TOL. HighTower Advisors LLC grew its stake in shares of Toll Brothers by 49.0% in the 3rd quarter. HighTower Advisors LLC now owns 48,380 shares of the construction company’s stock valued at $7,472,000 after buying an additional 15,913 shares during the period. Morse Asset Management Inc purchased a new position in Toll Brothers in the third quarter worth approximately $62,000. Kovitz Investment Group Partners LLC increased its stake in Toll Brothers by 10.6% during the third quarter. Kovitz Investment Group Partners LLC now owns 8,235 shares of the construction company’s stock worth $1,227,000 after acquiring an additional 792 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in Toll Brothers in the third quarter valued at $204,000. Finally, National Bank of Canada FI lifted its stake in shares of Toll Brothers by 6.7% in the 3rd quarter. National Bank of Canada FI now owns 43,998 shares of the construction company’s stock valued at $6,797,000 after purchasing an additional 2,766 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TOL. Bank of America cut their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $146.93.

Toll Brothers Trading Down 3.8 %

Shares of NYSE:TOL opened at $90.96 on Wednesday. Toll Brothers, Inc. has a 52 week low of $89.67 and a 52 week high of $169.52. The company’s 50 day moving average is $112.94 and its two-hundred day moving average is $133.69. The company has a market cap of $9.09 billion, a PE ratio of 6.26, a P/E/G ratio of 1.02 and a beta of 1.48. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Equities analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.10%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is presently 6.88%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.54% of the company’s stock.

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.