Charles Schwab Investment Management Inc. Sells 6,648 Shares of Toll Brothers, Inc. (NYSE:TOL)

Charles Schwab Investment Management Inc. lessened its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 681,838 shares of the construction company’s stock after selling 6,648 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.68% of Toll Brothers worth $85,877,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at about $27,000. Atria Investments Inc grew its holdings in shares of Toll Brothers by 22.2% in the 3rd quarter. Atria Investments Inc now owns 2,569 shares of the construction company’s stock valued at $397,000 after acquiring an additional 466 shares in the last quarter. Covestor Ltd grew its holdings in Toll Brothers by 40.9% during the third quarter. Covestor Ltd now owns 475 shares of the construction company’s stock worth $74,000 after purchasing an additional 138 shares during the period. Patten & Patten Inc. TN bought a new position in Toll Brothers during the third quarter worth about $208,000. Finally, Chartwell Investment Partners LLC grew its holdings in Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after purchasing an additional 14,092 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of research analyst reports. UBS Group reduced their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Keefe, Bruyette & Woods dropped their price target on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada lowered their price target on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $147.57.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred 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 directly owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,622 shares of company stock worth $1,993,880. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL opened at $107.08 on Tuesday. The firm’s fifty day simple moving average is $124.76 and its two-hundred day simple moving average is $139.87. Toll Brothers, Inc. has a 12 month low of $105.73 and a 12 month high of $169.52. The stock has a market capitalization of $10.65 billion, a P/E ratio of 7.37, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last posted its 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). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.86%. Toll Brothers’s dividend payout ratio is presently 6.33%.

Toll Brothers Company 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.