Hennion & Walsh Asset Management Inc. Has $3.51 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Hennion & Walsh Asset Management Inc. cut its holdings in Toll Brothers, Inc. (NYSE:TOL) by 6.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,139 shares of the construction company’s stock after selling 1,829 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Toll Brothers were worth $3,511,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. Capital Insight Partners LLC grew its stake in shares of Toll Brothers by 37.1% in the first quarter. Capital Insight Partners LLC now owns 13,996 shares of the construction company’s stock worth $1,811,000 after acquiring an additional 3,790 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in Toll Brothers in the 1st quarter worth $26,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Toll Brothers by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 308,236 shares of the construction company’s stock worth $39,876,000 after purchasing an additional 2,729 shares during the period. Brookstone Capital Management acquired a new position in shares of Toll Brothers during the first quarter valued at about $224,000. Finally, Atlas Capital Advisors LLC lifted its stake in shares of Toll Brothers by 7.1% in the first quarter. Atlas Capital Advisors LLC now owns 7,919 shares of the construction company’s stock valued at $1,024,000 after buying an additional 524 shares during the period. 91.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citigroup boosted their price target on Toll Brothers from $138.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Wells Fargo & Company boosted their price objective on Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Royal Bank of Canada raised their target price on Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Oppenheimer boosted their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Finally, The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $112.00 to $124.00 in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $129.07.

Toll Brothers Trading Up 0.0 %

Shares of TOL opened at $115.18 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.94 and a beta of 1.66. The stock has a fifty day moving average price of $121.22 and a two-hundred day moving average price of $113.81. Toll Brothers, Inc. has a 52-week low of $68.08 and a 52-week high of $135.37.

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

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. Toll Brothers’s payout ratio is 6.28%.

Insider Activity

In related news, Director Stephen F. East sold 1,500 shares of the business’s 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 transaction, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the transaction, the chief financial officer now directly 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 is available at this link. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction 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 have sold 21,670 shares of company stock valued at $2,586,315 over the last three months. 1.54% of the stock is owned by insiders.

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.