Los Angeles Capital Management LLC Has $71.61 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Los Angeles Capital Management LLC cut its position in Toll Brothers, Inc. (NYSE:TOL) by 22.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 696,674 shares of the construction company’s stock after selling 204,370 shares during the period. Los Angeles Capital Management LLC’s holdings in Toll Brothers were worth $71,611,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TOL. AQR Capital Management LLC raised its position in shares of Toll Brothers by 6.0% during the third quarter. AQR Capital Management LLC now owns 2,467,336 shares of the construction company’s stock worth $182,484,000 after purchasing an additional 139,004 shares during the period. Pacer Advisors Inc. lifted its stake in shares of Toll Brothers by 12.4% in the fourth quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock valued at $209,853,000 after buying an additional 225,354 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of Toll Brothers by 0.7% during the third quarter. Bamco Inc. NY now owns 1,784,965 shares of the construction company’s stock valued at $132,016,000 after buying an additional 12,520 shares during the last quarter. Invesco Ltd. increased its position in shares of Toll Brothers by 105.7% during the third quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock worth $111,216,000 after acquiring an additional 772,849 shares in the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Toll Brothers by 26.9% in the 3rd quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company’s stock worth $110,294,000 after acquiring an additional 316,100 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of NYSE:TOL traded up $1.41 during mid-day trading on Thursday, reaching $120.93. The company had a trading volume of 277,234 shares, compared to its average volume of 1,349,505. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 0.99 and a beta of 1.67. The company’s 50-day moving average price is $119.89 and its 200-day moving average price is $101.71. Toll Brothers, Inc. has a one year low of $62.26 and a one year high of $130.63.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. Toll Brothers’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s payout ratio is 7.11%.

Insider Buying and Selling

In related news, Director Stephen F. East sold 1,500 shares of Toll Brothers 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 sale, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now owns 34,069 shares of the company’s stock, valued at approximately $4,020,823.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction on Monday, April 15th. The shares were 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 in the company, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on TOL shares. The Goldman Sachs Group lifted their price target on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research note on Thursday, February 22nd. StockNews.com upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Wells Fargo & Company lifted their price target on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Citigroup lifted their price target on Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Finally, Oppenheimer boosted their target price on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

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.