Fiduciary Alliance LLC Takes $1.12 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Fiduciary Alliance LLC purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,868 shares of the construction company's stock, valued at approximately $1,117,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Franklin Resources Inc. increased its position in Toll Brothers by 5.4% in the 3rd 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 acquired a new stake in shares of Toll Brothers during the third quarter worth $12,506,000. Chartwell Investment Partners LLC grew its position in Toll Brothers by 66.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company's stock valued at $5,453,000 after buying an additional 14,092 shares during the last quarter. Avior Wealth Management LLC raised its position in Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company's stock worth $525,000 after buying an additional 3,328 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in Toll Brothers by 22.4% in the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company's stock valued at $3,554,000 after purchasing an additional 4,209 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated 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 transaction, the chief financial officer now owns 20,618 shares of the company's stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,202 shares of company stock valued at $5,903,186 over the last three months. Company insiders own 1.54% of the company's stock.

Toll Brothers Stock Performance

Shares of TOL traded up $4.44 during trading hours on Tuesday, reaching $130.59. 1,911,944 shares of the company's stock traded hands, compared to its average volume of 1,361,441. The firm has a market capitalization of $13.06 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 1.00 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. The business's fifty day simple moving average is $142.92 and its two-hundred day simple moving average is $140.68. Toll Brothers, Inc. has a twelve month low of $95.46 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts' consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business earned $4.11 earnings per share. Analysts predict that Toll Brothers, Inc. will post 14.57 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.70%. Toll Brothers's dividend payout ratio is currently 6.12%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Evercore ISI raised their price objective 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. Bank of America lifted their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. Wedbush reiterated an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Wednesday, December 11th. Finally, Royal Bank of Canada upped their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average target price of $158.07.

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.