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

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

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Baker Avenue Asset Management LP increased its stake in Toll Brothers by 23.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares in the last quarter. Nilsine Partners LLC grew its stake in shares of Toll Brothers by 0.8% in the third quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock worth $1,297,000 after acquiring an additional 146 shares during the period. Fifth Third Bancorp grew its stake in shares of Toll Brothers by 26.1% in the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after acquiring an additional 156 shares during the period. First Trust Direct Indexing L.P. grew its stake in shares of Toll Brothers by 4.1% in the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company’s stock worth $302,000 after acquiring an additional 161 shares during the period. Finally, Inspire Investing LLC grew its stake in shares of Toll Brothers by 4.1% in the third quarter. Inspire Investing LLC now owns 4,141 shares of the construction company’s stock worth $306,000 after acquiring an additional 165 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Transactions at Toll Brothers

In other news, 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 value of $178,980.00. Following the transaction, the director now 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 Securities & Exchange Commission, which is available through this link. In related news, 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 value of $178,980.00. Following the sale, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the sale, the chief financial officer now owns 49,721 shares in the company, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TOL. JPMorgan Chase & Co. lifted their price target on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target for the company in a research note on Monday, January 8th. Oppenheimer lifted their price target on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company raised their price objective on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

Toll Brothers Price Performance

NYSE:TOL traded down $0.82 during trading hours on Wednesday, hitting $118.70. 823,605 shares of the stock traded hands, compared to its average volume of 1,382,458. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a 1 year low of $61.17 and a 1 year high of $130.63. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 9.07, a price-to-earnings-growth ratio of 0.95 and a beta of 1.66. The stock has a 50 day moving average price of $118.01 and a 200 day moving average price of $99.95.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the firm earned $1.70 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend 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 payout ratio is 7.11%.

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.