Securian Asset Management Inc. Has $957,000 Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Securian Asset Management Inc. cut its position in Toll Brothers, Inc. (NYSE:TOL) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,308 shares of the construction company’s stock after selling 268 shares during the period. Securian Asset Management Inc.’s holdings in Toll Brothers were worth $957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TOL. Voss Capital LLC bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $8,223,000. Ossiam raised its holdings in Toll Brothers by 122.8% during the fourth quarter. Ossiam now owns 7,547 shares of the construction company’s stock worth $776,000 after buying an additional 4,159 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Toll Brothers by 41.2% in the fourth quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after buying an additional 243,553 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Toll Brothers by 36.4% during the first quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock worth $4,105,000 after acquiring an additional 8,474 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in shares of Toll Brothers by 46.7% in the 1st quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock worth $3,347,000 after acquiring an additional 8,234 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Performance

NYSE TOL traded up $0.37 on Monday, hitting $127.95. 566,393 shares of the stock traded hands, compared to its average volume of 1,389,650. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The business’s fifty day moving average is $122.98 and its two-hundred day moving average is $119.16. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $146.75. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 8.77, a PEG ratio of 1.05 and a beta of 1.67.

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

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, July 5th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

Insider Activity at Toll Brothers

In related news, CFO Martin P. Connor sold 3,806 shares of Toll Brothers stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martin P. Connor sold 3,806 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,170 shares of company stock worth $2,407,335. 1.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TOL has been the subject of a number of analyst reports. Wedbush reiterated a “neutral” rating and set a $105.00 price target on shares of Toll Brothers in a research note on Wednesday, May 22nd. Royal Bank of Canada upped their price target on Toll Brothers from $122.00 to $130.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. Barclays cut their price objective on shares of Toll Brothers from $118.00 to $116.00 and set an “underweight” rating on the stock in a report on Friday, July 12th. Finally, Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.25.

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.