PNC Financial Services Group Inc. Has $2.73 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

PNC Financial Services Group Inc. lowered its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Fiduciary Alliance LLC bought a new stake in Toll Brothers in the 4th quarter valued at about $1,117,000. Franklin Resources Inc. grew its stake in Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after acquiring an additional 9,195 shares during the period. World Investment Advisors LLC bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $12,506,000. Avior Wealth Management LLC raised its position in shares of Toll Brothers by 4,894.1% during the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after purchasing an additional 3,328 shares during the period. Finally, MML Investors Services LLC lifted its holdings in shares of Toll Brothers by 22.4% in the 3rd quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock worth $3,554,000 after purchasing an additional 4,209 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, 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 transaction of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares in the company, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on 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 transaction, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This trade represents a 3.09 % 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 three months. 1.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TOL. Evercore ISI boosted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Bank of America dropped their price target on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Keefe, Bruyette & Woods decreased their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a report on Tuesday, February 25th. Finally, Royal Bank of Canada lowered their target price on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Toll Brothers Stock Up 1.8 %

Toll Brothers stock opened at $104.92 on Friday. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $10.43 billion, a P/E ratio of 7.22, a P/E/G ratio of 1.02 and a beta of 1.77. The firm has a 50 day moving average price of $123.13 and a 200-day moving average price of $138.81. Toll Brothers, Inc. has a twelve month low of $102.49 and a twelve month high of $169.52.

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

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Friday, April 11th. Toll Brothers’s payout ratio is currently 6.88%.

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.