Prudential Financial Inc. Sells 17,027 Shares of Toll Brothers, Inc. (NYSE:TOL)

Prudential Financial Inc. decreased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 58.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,984 shares of the construction company’s stock after selling 17,027 shares during the period. Prudential Financial Inc.’s holdings in Toll Brothers were worth $1,509,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TOL. State Street Corp grew its stake in shares of Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after acquiring an additional 42,871 shares in the last quarter. Geode Capital Management LLC grew its position in Toll Brothers by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after purchasing an additional 84,652 shares in the last quarter. Jennison Associates LLC increased its stake in Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after buying an additional 341,980 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $43,615,000. Finally, Burney Co. grew its holdings in shares of Toll Brothers by 6.0% in the fourth quarter. Burney Co. now owns 339,856 shares of the construction company’s stock valued at $42,805,000 after acquiring an additional 19,373 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

TOL has been the topic of several research analyst reports. Evercore ISI boosted their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group lowered their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Finally, Bank of America dropped their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Toll Brothers Stock Performance

NYSE TOL opened at $100.73 on Friday. The company’s 50 day simple moving average is $115.67 and its two-hundred day simple moving average is $134.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 1 year low of $95.00 and a 1 year high of $169.52. The stock has a market capitalization of $10.06 billion, a PE ratio of 6.93, a P/E/G ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s dividend payout ratio is 6.88%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.54% of the stock is currently 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.