Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in Toll Brothers, Inc. (NYSE:TOL) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,066 shares of the construction company’s stock after selling 918 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Toll Brothers were worth $1,772,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in Toll Brothers by 1.2% in the third quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after acquiring an additional 42,871 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of 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 valued at $333,444,000 after purchasing an additional 84,652 shares in the last quarter. FMR LLC grew 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 purchasing an additional 1,046,758 shares during the period. Point72 Asset Management L.P. increased its position in Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after purchasing an additional 431,160 shares in the last quarter. Finally, Jennison Associates LLC increased its position in Toll Brothers by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock worth $136,614,000 after purchasing an additional 229,603 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on TOL shares. Barclays reduced their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Royal Bank of Canada boosted their price objective on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Evercore ISI raised their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Citigroup decreased their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.64.

Toll Brothers Trading Up 0.3 %

Shares of NYSE:TOL opened at $136.58 on Friday. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The firm has a fifty day moving average price of $140.20 and a 200 day moving average price of $141.59. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $13.66 billion, a PE ratio of 9.09, a P/E/G ratio of 1.03 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the firm posted $4.11 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.23 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.67%. Toll Brothers’s payout ratio is 6.12%.

Insider Buying and Selling

In other news, Director Christine Garvey sold 204 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is owned by company 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.