Panoramic Investment Advisors LLC Lowers Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Panoramic Investment Advisors LLC lessened its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 69.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,900 shares of the construction company’s stock after selling 4,300 shares during the period. Panoramic Investment Advisors LLC’s holdings in Toll Brothers were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Register Financial Advisors LLC purchased a new stake in Toll Brothers in the first quarter worth about $26,000. Contravisory Investment Management Inc. purchased a new stake in shares of Toll Brothers in the 1st quarter worth approximately $34,000. Rise Advisors LLC bought a new position in Toll Brothers during the 1st quarter valued at approximately $35,000. Atlantic Edge Private Wealth Management LLC bought a new position in Toll Brothers during the 4th quarter valued at approximately $36,000. Finally, Voisard Asset Management Group Inc. purchased a new position in Toll Brothers during the fourth quarter valued at $67,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Stock Performance

Shares of NYSE:TOL traded down $2.55 during mid-day trading on Tuesday, reaching $109.78. 505,350 shares of the company traded hands, compared to its average volume of 1,377,729. The company’s 50 day moving average price is $121.19 and its 200-day moving average price is $113.98. The firm has a market cap of $11.27 billion, a PE ratio of 7.67, a PEG ratio of 0.94 and a beta of 1.67. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $135.37. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.75). The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.85 earnings per share. On average, equities analysts expect that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s payout ratio is currently 6.28%.

Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now directly owns 28,527 shares in the company, valued at approximately $3,387,295.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of Toll Brothers stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $118.74, for a total value of $1,922,875.56. Following the sale, the chief financial officer now owns 28,527 shares of the company’s stock, valued at approximately $3,387,295.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the sale, the chief financial officer now directly owns 24,721 shares in the company, valued at $3,012,006.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,670 shares of company stock worth $2,586,315. 1.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Raymond James reissued a “strong-buy” rating and set a $145.00 price objective (up from $135.00) on shares of Toll Brothers in a research report on Thursday, May 23rd. The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and increased their price objective for the company from $112.00 to $124.00 in a research report on Monday, June 17th. UBS Group raised their target price on shares of Toll Brothers from $140.00 to $154.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a research note on Tuesday, June 4th. Finally, Wells Fargo & Company raised their price target on Toll Brothers from $142.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.07.

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.