Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Panoramic Investment Advisors LLC

Panoramic Investment Advisors LLC cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 69.4% during the first quarter, Holdings Channel.com reports. The fund owned 1,900 shares of the construction company’s stock after selling 4,300 shares during the period. Panoramic Investment Advisors LLC’s holdings in Toll Brothers were worth $246,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Voss Capital LLC acquired a new stake in Toll Brothers in the fourth quarter valued at approximately $8,223,000. Ossiam lifted its position in shares of Toll Brothers by 122.8% during the 4th quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after buying an additional 4,159 shares in the last quarter. Jennison Associates LLC grew its stake in Toll Brothers by 41.2% in the 4th 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 increased its holdings in Toll Brothers by 87.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock worth $2,687,000 after acquiring an additional 16,993 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its position in Toll Brothers by 11.9% during the fourth quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock worth $52,522,000 after acquiring an additional 54,384 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Keefe, Bruyette & Woods raised their target price on Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. Wedbush reiterated a “neutral” rating and set a $105.00 price target on shares of Toll Brothers in a research report on Wednesday, May 22nd. The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and increased their price objective for the company from $112.00 to $124.00 in a research note on Monday, June 17th. Finally, Oppenheimer lifted their target price on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.07.

Insider Activity

In related news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction that occurred 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 owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the sale, the chief financial officer now owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the transaction, the director now 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. In the last three months, insiders have sold 21,670 shares of company stock valued at $2,586,315. Company insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 2.3 %

TOL traded down $2.55 during trading hours on Tuesday, reaching $109.78. The company’s stock had a trading volume of 505,350 shares, compared to its average volume of 1,377,729. The business’s 50-day moving average is $121.19 and its 200-day moving average is $113.98. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69. The stock has a market cap of $11.27 billion, a PE ratio of 7.67, a P/E/G ratio of 0.94 and a beta of 1.67. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $135.37.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.75). The business had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the company earned $2.85 EPS. As a group, equities research analysts predict that Toll Brothers, Inc. will post 12.94 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s dividend payout ratio is presently 6.28%.

About Toll Brothers

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.