Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC cut its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 65.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 9,860 shares of the construction company’s stock after selling 18,640 shares during the period. Bridgeway Capital Management LLC’s holdings in Toll Brothers were worth $1,242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TOL. Smartleaf Asset Management LLC grew its stake in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after acquiring an additional 75 shares in the last quarter. Nilsine Partners LLC grew its stake in Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after purchasing an additional 88 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in Toll Brothers by 4.7% during the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock worth $251,000 after purchasing an additional 89 shares in the last quarter. Peapack Gladstone Financial Corp raised its position in Toll Brothers by 5.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock valued at $227,000 after purchasing an additional 100 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Toll Brothers by 1.7% in the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock valued at $762,000 after buying an additional 100 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

Shares of TOL opened at $103.49 on Friday. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The firm has a 50-day simple moving average of $101.74 and a 200-day simple moving average of $124.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, April 11th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods cut their target price on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Barclays reduced their price objective on shares of Toll Brothers from $101.00 to $92.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their target price on shares of Toll Brothers from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. UBS Group decreased their price target on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $144.79.

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.