Gardner Lewis Asset Management L P Sells 287 Shares of Toll Brothers, Inc. (NYSE:TOL)

Gardner Lewis Asset Management L P decreased its position in Toll Brothers, Inc. (NYSE:TOL) by 0.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 50,992 shares of the construction company’s stock after selling 287 shares during the period. Toll Brothers accounts for 1.6% of Gardner Lewis Asset Management L P’s holdings, making the stock its 23rd biggest position. Gardner Lewis Asset Management L P’s holdings in Toll Brothers were worth $6,422,000 at the end of the most recent quarter.

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

Toll Brothers Stock Down 0.2 %

Shares of NYSE TOL opened at $109.01 on Friday. Toll Brothers, Inc. has a 12 month low of $102.49 and a 12 month high of $169.52. The firm has a market capitalization of $10.89 billion, a price-to-earnings ratio of 7.50, a PEG ratio of 1.02 and a beta of 1.77. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $119.51 and a 200-day moving average of $136.72.

Toll Brothers (NYSE:TOL) last posted 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). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. Toll Brothers’s dividend payout ratio is 6.88%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company dropped their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group dropped their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. StockNews.com downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Friday. Oppenheimer dropped their price target on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $147.57.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 420 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,764 shares of company stock valued at $1,476,523. Corporate insiders own 1.54% of the company’s stock.

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.