Sei Investments Co. Has $8.36 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Sei Investments Co. cut its stake in Toll Brothers, Inc. (NYSE:TOL) by 16.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,355 shares of the construction company’s stock after selling 12,705 shares during the period. Sei Investments Co. owned approximately 0.07% of Toll Brothers worth $8,357,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC lifted its position in Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. FMR LLC lifted its holdings in shares of Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after acquiring an additional 1,046,758 shares during the period. D.A. Davidson & CO. boosted its position in shares of Toll Brothers by 7.7% during the 3rd quarter. D.A. Davidson & CO. now owns 8,902 shares of the construction company’s stock worth $1,375,000 after acquiring an additional 640 shares in the last quarter. Brooklyn Investment Group bought a new position in Toll Brothers in the third quarter valued at approximately $27,000. Finally, Townsquare Capital LLC lifted its stake in Toll Brothers by 20.6% during the third quarter. Townsquare Capital LLC now owns 4,125 shares of the construction company’s stock worth $637,000 after purchasing an additional 705 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TOL. UBS Group lowered their price target on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Citigroup dropped their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Wells Fargo & Company decreased their price target on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Finally, The Goldman Sachs Group lowered their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers Trading Down 3.4 %

NYSE:TOL opened at $105.15 on Monday. Toll Brothers, Inc. has a 52 week low of $102.49 and a 52 week high of $169.52. The firm’s fifty day moving average is $118.90 and its 200-day moving average is $136.43. The firm has a market cap of $10.50 billion, a P/E ratio of 7.24, a P/E/G ratio of 1.02 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Equities analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.95%. Toll Brothers’s payout ratio is 6.88%.

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.