Mutual of America Capital Management LLC lowered its stake in Toll Brothers Inc (NYSE:TOL) by 1.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,682 shares of the construction company’s stock after selling 1,755 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Toll Brothers were worth $5,795,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of TOL. JPMorgan Chase & Co. lifted its stake in Toll Brothers by 134.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock valued at $294,978,000 after buying an additional 4,132,120 shares in the last quarter. Koch Industries Inc. purchased a new stake in Toll Brothers in the 2nd quarter valued at approximately $1,177,000. Bank of New York Mellon Corp lifted its stake in Toll Brothers by 56.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,128,341 shares of the construction company’s stock valued at $129,732,000 after buying an additional 1,124,409 shares in the last quarter. Wedge Capital Management L L P NC purchased a new stake in Toll Brothers in the 3rd quarter valued at approximately $36,566,000. Finally, Acadian Asset Management LLC lifted its stake in Toll Brothers by 350,599.2% in the 4th quarter. Acadian Asset Management LLC now owns 448,895 shares of the construction company’s stock valued at $21,556,000 after buying an additional 448,767 shares in the last quarter. 88.06% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently issued reports on TOL shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $45.00 target price on shares of Toll Brothers in a research note on Wednesday, November 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $47.00 target price on shares of Toll Brothers in a research note on Friday, October 20th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $54.00 target price (up previously from $42.00) on shares of Toll Brothers in a research note on Wednesday, December 6th. Argus set a $55.00 target price on Toll Brothers and gave the company a “buy” rating in a research note on Wednesday, December 20th. Finally, Raymond James Financial reissued an “outperform” rating and set a $52.00 price target (up previously from $43.00) on shares of Toll Brothers in a research note on Thursday, December 7th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Toll Brothers presently has an average rating of “Buy” and a consensus price target of $51.06.

Toll Brothers Inc (NYSE TOL) opened at $46.40 on Friday. Toll Brothers Inc has a 52 week low of $30.67 and a 52 week high of $52.73. The firm has a market capitalization of $7,340.00, a price-to-earnings ratio of 14.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.38. The company has a current ratio of 6.61, a quick ratio of 0.97 and a debt-to-equity ratio of 0.71.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, December 5th. The construction company reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.02). The business had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. sell-side analysts expect that Toll Brothers Inc will post 3.97 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.69%. Toll Brothers’s payout ratio is 10.06%.

In other news, CFO Martin P. Connor sold 8,450 shares of the company’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $51.76, for a total transaction of $437,372.00. Following the completion of the sale, the chief financial officer now directly owns 55,357 shares in the company, valued at approximately $2,865,278.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul E. Shapiro sold 25,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $51.54, for a total value of $1,288,500.00. Following the sale, the director now owns 131,493 shares of the company’s stock, valued at $6,777,149.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,950 shares of company stock valued at $6,781,012. Insiders own 8.78% of the company’s stock.

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Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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