Yousif Capital Management LLC Trims Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Yousif Capital Management LLC reduced its stake in Toll Brothers, Inc. (NYSE:TOL) by 0.5% during the 4th quarter, Holdings Channel reports. The fund owned 52,721 shares of the construction company’s stock after selling 269 shares during the period. Yousif Capital Management LLC’s holdings in Toll Brothers were worth $5,419,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TOL. Baker Avenue Asset Management LP lifted its position in Toll Brothers by 23.1% during the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after buying an additional 127 shares during the period. Nilsine Partners LLC lifted its position in Toll Brothers by 0.8% during the third quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock worth $1,297,000 after buying an additional 146 shares during the period. Fifth Third Bancorp lifted its position in Toll Brothers by 26.1% during the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after buying an additional 156 shares during the period. First Trust Direct Indexing L.P. lifted its position in Toll Brothers by 4.1% during the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company’s stock worth $302,000 after buying an additional 161 shares during the period. Finally, Inspire Investing LLC lifted its position in Toll Brothers by 4.1% during the third quarter. Inspire Investing LLC now owns 4,141 shares of the construction company’s stock worth $306,000 after buying an additional 165 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

TOL stock opened at $117.34 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. Toll Brothers, Inc. has a 1 year low of $61.17 and a 1 year high of $130.63. The firm has a market cap of $12.22 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 0.99 and a beta of 1.66. The stock has a 50-day simple moving average of $118.59 and a 200-day simple moving average of $100.20.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data 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. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter last year, the firm earned $1.70 EPS. Toll Brothers’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts predict that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio (DPR) is 7.11%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm’s 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 completion of the sale, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following 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 document filed with the SEC, which is available at this link. 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 value 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 disclosure for this sale can be found here. Insiders sold a total of 66,500 shares of company stock worth $7,881,930 in the last 90 days. 1.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Seaport Res Ptn downgraded Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Wells Fargo & Company raised their price objective on Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Citigroup raised their price objective on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, The Goldman Sachs Group raised their price objective on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

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.