Altshuler Shaham Ltd Sells 269 Shares of Toll Brothers, Inc. (NYSE:TOL)

Altshuler Shaham Ltd lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 36.3% during the fourth quarter, Holdings Channel reports. The fund owned 472 shares of the construction company’s stock after selling 269 shares during the period. Altshuler Shaham Ltd’s holdings in Toll Brothers were worth $49,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in TOL. Castleview Partners LLC bought a new stake in Toll Brothers during the 3rd quarter worth about $37,000. Baker Avenue Asset Management LP grew its holdings in Toll Brothers by 23.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after acquiring an additional 127 shares during the last quarter. Fifth Third Bancorp grew its holdings in Toll Brothers by 26.1% during the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after acquiring an additional 156 shares during the last quarter. GAMMA Investing LLC bought a new stake in Toll Brothers during the 4th quarter worth about $76,000. Finally, Western Pacific Wealth Management LP lifted its position in Toll Brothers by 103.3% during the 3rd quarter. Western Pacific Wealth Management LP now owns 1,220 shares of the construction company’s stock valued at $90,000 after purchasing an additional 620 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.02, for a total value of $1,180,200.00. Following the completion of the sale, the director now directly owns 34,069 shares of the company’s stock, valued at approximately $4,020,823.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen F. East sold 1,500 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TOL shares. Oppenheimer upped their target price on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Keefe, Bruyette & Woods increased their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a research report on Wednesday, February 28th. Citigroup increased their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Wedbush reissued a “neutral” rating and set a $87.00 target price on shares of Toll Brothers in a research note on Wednesday, February 21st. Finally, Wells Fargo & Company raised their price target on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.80.

Toll Brothers Trading Up 2.0 %

Shares of Toll Brothers stock traded up $2.43 on Thursday, hitting $126.48. The stock had a trading volume of 1,535,596 shares, compared to its average volume of 1,352,401. The stock has a 50 day moving average of $121.21 and a 200 day moving average of $103.60. Toll Brothers, Inc. has a twelve month low of $63.34 and a twelve month high of $130.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The firm has a market capitalization of $13.18 billion, a P/E ratio of 9.77, a PEG ratio of 1.03 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last released its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. The business had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.70 EPS. Sell-side analysts expect that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio is currently 7.11%.

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.