Nicholas Investment Partners LP Sells 103 Shares of Toll Brothers, Inc. (NYSE:TOL)

Nicholas Investment Partners LP cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,608 shares of the construction company’s stock after selling 103 shares during the period. Nicholas Investment Partners LP’s holdings in Toll Brothers were worth $454,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Lee Danner & Bass Inc. bought a new position in shares of Toll Brothers in the 4th quarter valued at about $27,000. Promus Capital LLC bought a new position in shares of Toll Brothers in the 4th quarter valued at about $29,000. IAG Wealth Partners LLC boosted its stake in shares of Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock valued at $33,000 after purchasing an additional 238 shares during the last quarter. DiNuzzo Private Wealth Inc. boosted its stake in Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after acquiring an additional 250 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wedbush restated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. Keefe, Bruyette & Woods reduced their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Royal Bank of Canada reduced their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Bank of America reduced their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, Barclays reduced their target price on Toll Brothers from $101.00 to $92.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $144.79.

Insider Activity

In related news, Director Christine Garvey sold 420 shares of the 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 sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Performance

Shares of TOL stock opened at $105.05 on Thursday. The company’s fifty day simple moving average is $101.57 and its 200-day simple moving average is $124.04. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm has a market cap of $10.49 billion, a PE ratio of 7.23, a P/E/G ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Equities research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers’s dividend payout ratio is presently 6.88%.

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.