Alaska Permanent Fund Corp Sells 1,080 Shares of Toll Brothers, Inc. (NYSE:TOL)

Alaska Permanent Fund Corp lowered its stake in Toll Brothers, Inc. (NYSE:TOL) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,320 shares of the construction company’s stock after selling 1,080 shares during the period. Alaska Permanent Fund Corp’s holdings in Toll Brothers were worth $3,117,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. IFP Advisors Inc grew its holdings in Toll Brothers by 87.1% during the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after acquiring an additional 230 shares during the period. Castleview Partners LLC acquired a new position in shares of Toll Brothers in the 3rd quarter valued at $37,000. Baker Avenue Asset Management LP grew its holdings in shares of Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after buying an additional 127 shares during the period. Fifth Third Bancorp grew its holdings in shares of Toll Brothers by 26.1% in the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after buying an additional 156 shares during the period. Finally, GAMMA Investing LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at $76,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction 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 completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction 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 completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at $41,167,500.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,500 shares of company stock valued at $7,881,930. Corporate insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TOL. The Goldman Sachs Group boosted their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research report on Thursday, February 22nd. StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Keefe, Bruyette & Woods boosted their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a research report on Monday, January 8th. Finally, Seaport Res Ptn cut shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $113.80.

Toll Brothers Price Performance

Toll Brothers stock traded down $0.82 during mid-day trading on Wednesday, reaching $118.70. The company had a trading volume of 823,605 shares, compared to its average volume of 1,382,458. Toll Brothers, Inc. has a fifty-two week low of $61.17 and a fifty-two week high of $130.63. 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 company has a market cap of $12.36 billion, a P/E ratio of 9.07, a P/E/G ratio of 0.95 and a beta of 1.66. The business has a fifty day simple moving average of $118.01 and a 200 day simple moving average of $99.95.

Toll Brothers (NYSE:TOL) last issued 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 analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.70 earnings per share. On average, equities research analysts predict that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio (DPR) is currently 7.11%.

About Toll Brothers

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.