Securian Asset Management Inc. Cuts Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Securian Asset Management Inc. cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,633 shares of the construction company’s stock after selling 349 shares during the period. Securian Asset Management Inc.’s holdings in Toll Brothers were worth $961,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of TOL. Atria Investments Inc increased its stake in Toll Brothers by 22.2% during the third quarter. Atria Investments Inc now owns 2,569 shares of the construction company’s stock worth $397,000 after purchasing an additional 466 shares during the period. Versor Investments LP purchased a new stake in Toll Brothers during the third quarter worth about $349,000. Harbour Investments Inc. increased its stake in Toll Brothers by 9.0% during the third quarter. Harbour Investments Inc. now owns 2,768 shares of the construction company’s stock worth $428,000 after purchasing an additional 229 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Toll Brothers by 59.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 6,950 shares of the construction company’s stock worth $1,074,000 after buying an additional 2,600 shares during the period. Finally, KBC Group NV increased its stake in shares of Toll Brothers by 18.2% during the third quarter. KBC Group NV now owns 2,827 shares of the construction company’s stock worth $437,000 after buying an additional 436 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,622 shares of company stock worth $1,993,880 in the last three months. Insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TOL shares. Barclays cut their target price on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Oppenheimer cut their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company cut their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Price Performance

TOL stock opened at $104.92 on Friday. The company has a market capitalization of $10.43 billion, a P/E ratio of 7.22, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a twelve month low of $102.49 and a twelve month high of $169.52. The business has a 50 day simple moving average of $123.13 and a 200-day simple moving average of $138.78. 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 quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

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.