Gardner Lewis Asset Management L P Has $6.42 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Gardner Lewis Asset Management L P lessened its holdings in Toll Brothers, Inc. (NYSE:TOL) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,992 shares of the construction company’s stock after selling 287 shares during the quarter. Toll Brothers accounts for approximately 1.6% of Gardner Lewis Asset Management L P’s investment portfolio, making the stock its 23rd biggest position. Gardner Lewis Asset Management L P owned about 0.05% of Toll Brothers worth $6,422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Partners LLC acquired a new position in Toll Brothers during the 4th quarter worth approximately $25,000. Brooklyn Investment Group acquired a new position in shares of Toll Brothers during the third quarter worth $27,000. Lee Danner & Bass Inc. acquired a new position in shares of Toll Brothers during the fourth quarter worth $27,000. Larson Financial Group LLC lifted its stake in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after acquiring an additional 66 shares during the last quarter. Finally, Promus Capital LLC acquired a new stake in shares of Toll Brothers during the 4th quarter valued at $29,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 0.2 %

Shares of NYSE:TOL opened at $109.01 on Friday. Toll Brothers, Inc. has a 1 year low of $102.49 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The business’s 50-day moving average is $119.51 and its 200-day moving average is $136.72. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 7.50, a P/E/G ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Equities research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.88%.

Wall Street Analyst Weigh In

Several equities analysts have commented on TOL shares. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. StockNews.com lowered shares of Toll Brothers from a “hold” rating to a “sell” rating in a report on Friday. Bank of America dropped their price target on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Citigroup reduced their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christine Garvey sold 204 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value 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. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,764 shares of company stock worth $1,476,523. 1.54% of the stock is currently owned by company insiders.

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.