Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC lowered its holdings in Toll Brothers, Inc. (NYSE:TOL) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,566 shares of the construction company’s stock after selling 388 shares during the quarter. Aviance Capital Partners LLC’s holdings in Toll Brothers were worth $2,217,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Voss Capital LLC acquired a new stake in Toll Brothers in the fourth quarter valued at $8,223,000. Jennison Associates LLC lifted its holdings in Toll Brothers by 41.2% in the fourth quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after acquiring an additional 243,553 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in Toll Brothers by 87.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock valued at $2,687,000 after acquiring an additional 16,993 shares during the period. Wedge Capital Management L L P NC raised its stake in shares of Toll Brothers by 11.9% during the 4th quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock worth $52,522,000 after buying an additional 54,384 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its position in shares of Toll Brothers by 21.6% in the 3rd quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company’s stock worth $993,000 after buying an additional 2,386 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TOL shares. The Goldman Sachs Group boosted their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research report on Thursday, February 22nd. Wedbush reiterated a “neutral” rating and issued a $87.00 price objective on shares of Toll Brothers in a research report on Wednesday, February 21st. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, Citigroup boosted their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.80.

Insider Activity

In other news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, the director now owns 34,069 shares of the company’s stock, valued at approximately $4,020,823.38. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the sale, the director now owns 34,069 shares of the company’s stock, valued at approximately $4,020,823.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. Insiders sold a total of 66,500 shares of company stock valued at $7,881,930 in the last 90 days. 1.54% of the stock is currently owned by insiders.

Toll Brothers Trading Up 3.3 %

Shares of NYSE TOL traded up $4.14 on Monday, reaching $127.77. 1,354,584 shares of the company traded hands, compared to its average volume of 1,352,221. Toll Brothers, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $130.63. The company has a 50 day moving average of $120.67 and a 200 day moving average of $103.05. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $13.31 billion, a PE ratio of 9.87, a P/E/G ratio of 1.03 and a beta of 1.67.

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

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.72%. 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 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.