Securian Asset Management Inc. Lowers Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Securian Asset Management Inc. trimmed its position in Toll Brothers, Inc. (NYSE:TOL) by 3.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 8,308 shares of the construction company’s stock after selling 268 shares during the quarter. Securian Asset Management Inc.’s holdings in Toll Brothers were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TOL. Voss Capital LLC purchased a new position in Toll Brothers during the fourth quarter valued at approximately $8,223,000. Ossiam raised 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 purchasing an additional 4,159 shares during the period. Jennison Associates LLC lifted its stake in shares of Toll Brothers by 41.2% during the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after buying an additional 243,553 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Toll Brothers by 36.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock worth $4,105,000 after buying an additional 8,474 shares during the period. Finally, Private Advisor Group LLC increased its stake in Toll Brothers by 46.7% in the 1st quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock worth $3,347,000 after buying an additional 8,234 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on TOL shares. Wedbush reiterated a “neutral” rating and set a $105.00 target price on shares of Toll Brothers in a research report on Wednesday, May 22nd. Argus raised their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Wells Fargo & Company upped their price target on shares of Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Evercore ISI increased their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.25.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 16,194 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the completion of the sale, the chief financial officer now owns 28,527 shares in the company, valued at $3,387,295.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on Monday, June 10th. The stock was sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the sale, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 3,806 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,170 shares of company stock valued at $2,407,335. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Trading Up 0.3 %

Shares of TOL stock traded up $0.37 on Monday, reaching $127.95. 566,393 shares of the company’s stock were exchanged, compared to its average volume of 1,389,650. The company’s fifty day simple moving average is $122.98 and its 200 day simple moving average is $119.16. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $146.75. The company has a current ratio of 4.59, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $13.13 billion, a PE ratio of 8.77, a P/E/G ratio of 1.05 and a beta of 1.67.

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

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a yield of 0.72%. Toll Brothers’s dividend payout ratio is currently 6.28%.

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.