Commonwealth Equity Services LLC Decreases Position in Toll Brothers Inc (NYSE:TOL)

Commonwealth Equity Services LLC reduced its position in shares of Toll Brothers Inc (NYSE:TOL) by 7.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,267 shares of the construction company’s stock after selling 1,678 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Toll Brothers were worth $667,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA lifted its position in Toll Brothers by 259.5% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 4,688,545 shares of the construction company’s stock worth $154,394,000 after buying an additional 3,384,353 shares during the last quarter. Greenhaven Associates Inc. lifted its position in Toll Brothers by 6.5% in the fourth quarter. Greenhaven Associates Inc. now owns 4,375,225 shares of the construction company’s stock worth $144,076,000 after buying an additional 268,750 shares during the last quarter. Franklin Resources Inc. lifted its position in Toll Brothers by 130.4% in the third quarter. Franklin Resources Inc. now owns 3,787,086 shares of the construction company’s stock worth $125,088,000 after buying an additional 2,143,480 shares during the last quarter. Boston Partners bought a new stake in Toll Brothers in the fourth quarter worth $116,690,000. Finally, Oregon Public Employees Retirement Fund lifted its position in Toll Brothers by 1,967.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,765,805 shares of the construction company’s stock worth $54,000 after buying an additional 1,680,413 shares during the last quarter. Hedge funds and other institutional investors own 82.35% of the company’s stock.

In other news, CFO Martin P. Connor sold 12,000 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $36.83, for a total transaction of $441,960.00. Following the transaction, the chief financial officer now owns 76,504 shares in the company, valued at $2,817,642.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 4,000 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $37.94, for a total value of $151,760.00. Following the transaction, the chief financial officer now owns 72,504 shares in the company, valued at approximately $2,750,801.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,000 shares of company stock worth $965,520. Insiders own 9.69% of the company’s stock.

A number of analysts have weighed in on the company. Barclays set a $33.00 target price on Toll Brothers and gave the stock a “sell” rating in a research note on Thursday, March 28th. Zelman & Associates upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. JPMorgan Chase & Co. lowered Toll Brothers from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $33.00 to $32.00 in a research note on Thursday, March 7th. Raymond James set a $40.00 target price on Toll Brothers and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $37.00 target price on shares of Toll Brothers in a research note on Friday, February 15th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $40.14.

Shares of Toll Brothers stock traded up $0.12 during trading on Monday, hitting $37.61. 2,381,185 shares of the stock traded hands, compared to its average volume of 1,914,582. The firm has a market cap of $5.49 billion, a P/E ratio of 7.99, a P/E/G ratio of 0.97 and a beta of 1.00. The company has a current ratio of 7.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.74. Toll Brothers Inc has a 52-week low of $28.68 and a 52-week high of $43.83.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 26th. The construction company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.63 by $0.13. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. Toll Brothers had a return on equity of 15.83% and a net margin of 9.93%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. Analysts forecast that Toll Brothers Inc will post 4.48 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 12th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.44 annualized dividend and a dividend yield of 1.17%. Toll Brothers’s dividend payout ratio is currently 9.34%.

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Toll Brothers Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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