Hennion & Walsh Asset Management Inc. trimmed its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,512 shares of the construction company's stock after selling 2,610 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Toll Brothers were worth $1,576,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its stake in shares of Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company's stock valued at $565,802,000 after purchasing an additional 42,871 shares in the last quarter. Geode Capital Management LLC increased its holdings in Toll Brothers by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company's stock worth $333,444,000 after purchasing an additional 84,652 shares during the last quarter. FMR LLC increased its holdings in Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company's stock worth $327,281,000 after purchasing an additional 1,046,758 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company's stock worth $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company's stock worth $110,993,000 after purchasing an additional 431,160 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.
In related news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares of the company's stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company's stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock valued at $1,947,436 over the last three months. Insiders own 1.54% of the company's stock.
Shares of Toll Brothers stock traded up $1.09 during trading on Friday, hitting $135.40. The stock had a trading volume of 1,416,842 shares, compared to its average volume of 1,319,020. The business has a fifty day moving average of $141.28 and a two-hundred day moving average of $141.07. The firm has a market cap of $13.55 billion, a P/E ratio of 9.01, a PEG ratio of 0.94 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. Toll Brothers, Inc. has a fifty-two week low of $95.46 and a fifty-two week high of $169.52.
Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business posted $4.11 earnings per share. Toll Brothers's revenue was up 10.4% compared to the same quarter last year. On average, sell-side analysts expect that Toll Brothers, Inc. will post 14.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Friday, January 10th. Toll Brothers's dividend payout ratio is 6.12%.
A number of equities research analysts have recently weighed in on TOL shares. UBS Group lowered their price target on Toll Brothers from $192.00 to $185.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada boosted their price target on Toll Brothers from $143.00 to $150.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Oppenheimer reiterated an "outperform" rating and issued a $189.00 price target on shares of Toll Brothers in a report on Thursday, December 12th. Wedbush reiterated an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Wednesday, December 11th. Finally, Wells Fargo & Company boosted their price target on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $156.64.
Read Our Latest Stock Report on TOL
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.
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