Gateway Investment Advisers LLC Reduces Stake in Toll Brothers, Inc. (NYSE:TOL)

Gateway Investment Advisers LLC lessened its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,226 shares of the construction company’s stock after selling 1,906 shares during the period. Gateway Investment Advisers LLC owned 0.12% of Toll Brothers worth $13,011,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lecap Asset Management Ltd. raised its holdings in Toll Brothers by 721.8% during the fourth quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock worth $2,087,000 after purchasing an additional 14,551 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Toll Brothers by 66.7% during the 4th quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company’s stock worth $666,000 after acquiring an additional 2,116 shares in the last quarter. OMC Financial Services LTD purchased a new stake in Toll Brothers in the fourth quarter valued at $2,330,000. Focus Financial Network Inc. acquired a new position in Toll Brothers in the fourth quarter valued at $351,000. Finally, Blue Trust Inc. grew its holdings in shares of Toll Brothers by 136.3% during the fourth quarter. Blue Trust Inc. now owns 834 shares of the construction company’s stock worth $105,000 after purchasing an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 1.2%

Shares of NYSE:TOL opened at $107.39 on Friday. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $101.16 and its 200-day simple moving average is $118.66. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.38 EPS. As a group, equities research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is currently 7.42%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TOL shares. Raymond James reissued a “strong-buy” rating and issued a $130.00 target price (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. The Goldman Sachs Group reduced their price objective on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada decreased their price objective on Toll Brothers from $139.00 to $133.00 and set an “outperform” rating for the company in a report on Friday, May 16th. Keefe, Bruyette & Woods cut their target price on shares of Toll Brothers from $132.00 to $120.00 and set a “market perform” rating on the stock in a report on Tuesday, May 20th. Finally, Bank of America decreased 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus price target of $141.08.

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.