Assetmark Inc. Decreases Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Assetmark Inc. trimmed its holdings in Toll Brothers, Inc. (NYSE:TOL) by 49.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,770 shares of the construction company’s stock after selling 177,089 shares during the quarter. Assetmark Inc. owned about 0.18% of Toll Brothers worth $22,390,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of TOL. Fiduciary Alliance LLC purchased a new stake in shares of Toll Brothers during the 4th quarter valued at approximately $1,117,000. Franklin Resources Inc. raised its position in shares of Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after buying an additional 9,195 shares during the period. World Investment Advisors LLC purchased a new stake in shares of Toll Brothers during the 3rd quarter valued at approximately $12,506,000. Chartwell Investment Partners LLC raised its position in shares of Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after buying an additional 14,092 shares during the period. Finally, Avior Wealth Management LLC increased its holdings in Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after purchasing an additional 3,328 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

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 completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,622 shares of company stock valued at $1,993,880. Insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $110.66 on Thursday. Toll Brothers, Inc. has a 1-year low of $105.73 and a 1-year high of $169.52. The stock has a market cap of $11.05 billion, a PE ratio of 7.62, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. 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 firm has a fifty day moving average price of $125.82 and a 200 day moving average price of $140.44.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.83%. Toll Brothers’s payout ratio is 6.33%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. Oppenheimer dropped their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. 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, 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 given 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.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

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.