Redwood Investment Management LLC Has $1.47 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Redwood Investment Management LLC reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 9.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,641 shares of the construction company’s stock after selling 1,215 shares during the quarter. Redwood Investment Management LLC’s holdings in Toll Brothers were worth $1,466,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new position in Toll Brothers during the fourth quarter valued at approximately $27,000. Promus Capital LLC bought a new position in shares of Toll Brothers during the fourth quarter worth $29,000. IAG Wealth Partners LLC grew its holdings in shares of Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock valued at $33,000 after buying an additional 238 shares during the period. DiNuzzo Private Wealth Inc. increased its position in shares of Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after buying an additional 250 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after buying an additional 75 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Thursday. Wells Fargo & Company dropped their target price on shares of Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group reduced their price target on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, Barclays dropped their price objective on shares of Toll Brothers from $101.00 to $92.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. One 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 issued a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $144.07.

Toll Brothers Trading Up 1.1%

Toll Brothers stock opened at $106.25 on Friday. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 7.31, a P/E/G ratio of 1.02 and a beta of 1.45. The firm has a 50-day moving average of $101.55 and a 200-day moving average of $123.74. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. On average, equities analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a $0.25 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.94%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is currently 6.88%.

Insider Activity

In other news, Director Christine Garvey sold 420 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now directly owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.54% of the company’s stock.

Toll Brothers Company 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.