Amalgamated Bank Decreases Holdings in Toll Brothers, Inc. (NYSE:TOL)

Amalgamated Bank reduced its position in Toll Brothers, Inc. (NYSE:TOL) by 2.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 82,460 shares of the construction company’s stock after selling 2,445 shares during the period. Amalgamated Bank’s holdings in Toll Brothers were worth $8,476,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TOL. Baker Avenue Asset Management LP boosted its position in shares of Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after purchasing an additional 127 shares in the last quarter. Nilsine Partners LLC boosted its holdings in Toll Brothers by 0.8% in the third quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock worth $1,297,000 after acquiring an additional 146 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Toll Brothers by 26.1% during the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after acquiring an additional 156 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of Toll Brothers by 4.1% during the third quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company’s stock valued at $302,000 after acquiring an additional 161 shares in the last quarter. Finally, Inspire Investing LLC raised its position in shares of Toll Brothers by 4.1% in the 3rd quarter. Inspire Investing LLC now owns 4,141 shares of the construction company’s stock valued at $306,000 after purchasing an additional 165 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $41,167,500.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Stephen F. East sold 1,500 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,500 shares of company stock worth $7,881,930. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 2.0 %

TOL stock opened at $123.63 on Friday. The stock has a market capitalization of $12.88 billion, a P/E ratio of 9.55, a P/E/G ratio of 1.03 and a beta of 1.67. Toll Brothers, Inc. has a 52 week low of $62.26 and a 52 week high of $130.63. The firm has a 50-day simple moving average of $120.36 and a 200-day simple moving average of $102.42. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last released its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the business posted $1.70 earnings per share. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts forecast that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. Toll Brothers’s payout ratio is presently 7.11%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Seaport Res Ptn lowered shares of Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods raised their target price on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Barclays boosted their price target on Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a research note on Monday, February 26th. Finally, StockNews.com raised Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.80.

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.