Ameritas Investment Partners Inc. Sells 734 Shares of Toll Brothers, Inc. (NYSE:TOL)

Ameritas Investment Partners Inc. lessened its stake in Toll Brothers, Inc. (NYSE:TOL) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,997 shares of the construction company’s stock after selling 734 shares during the period. Ameritas Investment Partners Inc.’s holdings in Toll Brothers were worth $2,975,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Diversified Trust Co bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $265,000. Raymond James Trust N.A. bought a new stake in Toll Brothers during the 4th quarter valued at $258,000. SG Americas Securities LLC lifted its holdings in shares of Toll Brothers by 46.8% in the 4th quarter. SG Americas Securities LLC now owns 3,999 shares of the construction company’s stock worth $411,000 after buying an additional 1,275 shares during the period. Raymond James & Associates grew its position in shares of Toll Brothers by 50.2% during the 4th quarter. Raymond James & Associates now owns 155,644 shares of the construction company’s stock worth $15,999,000 after buying an additional 52,050 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Toll Brothers by 12.4% during 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 during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Toll Brothers stock traded up $1.10 during mid-day trading on Tuesday, reaching $135.22. 1,188,898 shares of the company traded hands, compared to its average volume of 1,391,568. The firm’s fifty day moving average is $120.50 and its two-hundred day moving average is $115.88. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 9.18, a price-to-earnings-growth ratio of 1.07 and a beta of 1.67. Toll Brothers, Inc. has a fifty-two week low of $68.08 and a fifty-two week high of $137.20. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the company earned $2.85 earnings per share. Toll Brothers’s revenue was up 13.2% on a year-over-year basis. On average, equities research analysts expect that Toll Brothers, Inc. will post 12.94 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the sale, the chief financial officer now owns 24,721 shares in the company, valued at $3,012,006.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares in the company, valued at $3,387,295.98. The disclosure for this sale can be found here. Insiders have sold a total of 20,170 shares of company stock worth $2,407,335 over the last quarter. Insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TOL shares. Barclays lowered their price objective on shares of Toll Brothers from $118.00 to $116.00 and set an “underweight” rating for the company in a research note on Friday, July 12th. Wedbush reiterated a “neutral” rating and set a $105.00 price objective on shares of Toll Brothers in a research note on Wednesday, May 22nd. Evercore ISI upped their target price on Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada boosted their price target on Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.25.

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.