PNC Financial Services Group Inc. Trims Stake in Toll Brothers, Inc. (NYSE:TOL)

PNC Financial Services Group Inc. lowered its holdings in Toll Brothers, Inc. (NYSE:TOL) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,662 shares of the construction company’s stock after selling 775 shares during the period. PNC Financial Services Group Inc.’s holdings in Toll Brothers were worth $2,728,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TOL. Larson Financial Group LLC grew its position in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after acquiring an additional 75 shares in the last quarter. Nilsine Partners LLC lifted its holdings in shares of Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after acquiring an additional 88 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after purchasing an additional 92 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Toll Brothers by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock valued at $472,000 after purchasing an additional 109 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Trading Up 1.8 %

Shares of TOL opened at $104.92 on Friday. Toll Brothers, Inc. has a 1-year low of $102.49 and a 1-year high of $169.52. 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 firm’s 50-day moving average price is $123.13 and its 200-day moving average price is $138.81. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 7.22, a PEG ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1.91 billion. Sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend 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 0.95%. Toll Brothers’s payout ratio is currently 6.88%.

Wall Street Analyst Weigh In

Several research firms have weighed in on TOL. StockNews.com raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday. Oppenheimer dropped their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Keefe, Bruyette & Woods decreased their price target on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Finally, Wells Fargo & Company decreased their target price on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $147.57.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,622 shares of company stock valued at $1,993,880 over the last ninety days. Company insiders own 1.54% of the company’s stock.

About Toll Brothers

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.