Assenagon Asset Management S.A. Sells 918 Shares of Toll Brothers, Inc. (NYSE:TOL)

Assenagon Asset Management S.A. decreased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 6.1% during the 4th quarter, Holdings Channel reports. The fund owned 14,066 shares of the construction company’s stock after selling 918 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Toll Brothers were worth $1,772,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of Toll Brothers by 4.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 27,243 shares of the construction company’s stock valued at $3,138,000 after purchasing an additional 1,162 shares during the period. Blair William & Co. IL raised its position in Toll Brothers by 7.0% in the 2nd quarter. Blair William & Co. IL now owns 5,828 shares of the construction company’s stock valued at $671,000 after buying an additional 383 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Toll Brothers by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 2,749 shares of the construction company’s stock valued at $317,000 after acquiring an additional 109 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Toll Brothers during the 2nd quarter worth approximately $169,000. Finally, Insigneo Advisory Services LLC bought a new position in shares of Toll Brothers during the 2nd quarter worth approximately $215,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

Toll Brothers stock opened at $136.58 on Friday. The stock has a 50-day moving average price of $140.20 and a two-hundred day moving average price of $141.59. Toll Brothers, Inc. has a 12 month low of $95.46 and a 12 month high of $169.52. The company has a market capitalization of $13.66 billion, a PE ratio of 9.09, a P/E/G ratio of 1.03 and a beta of 1.74. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the business earned $4.11 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. Analysts expect that Toll Brothers, Inc. will post 14.25 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Insider Buying and Selling

In related news, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares of the company’s stock, 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. Insiders sold 15,202 shares of company stock valued at $1,947,436 over the last quarter. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

TOL has been the topic of several analyst reports. Royal Bank of Canada upped their target price on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Evercore ISI increased their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. UBS Group cut their price target on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $156.64.

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.