Advisory Services Network LLC Acquires 6,086 Shares of Toll Brothers, Inc. (NYSE:TOL)

Advisory Services Network LLC grew its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,903 shares of the construction company's stock after purchasing an additional 6,086 shares during the period. Advisory Services Network LLC's holdings in Toll Brothers were worth $3,640,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after buying an additional 75 shares in the last quarter. Nilsine Partners LLC lifted its position in shares of Toll Brothers by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock worth $2,433,000 after purchasing an additional 88 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Toll Brothers by 15.1% in the fourth 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 during the period. Peapack Gladstone Financial Corp grew its holdings in Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock valued at $227,000 after purchasing an additional 100 shares in the last quarter. Finally, Principal Securities Inc. increased its stake in Toll Brothers by 25.2% during the 4th quarter. Principal Securities Inc. now owns 541 shares of the construction company's stock worth $68,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

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Insider Activity

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TOL shares. Barclays lowered their price objective on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods lowered 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. Oppenheimer reduced their target price on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Bank of America lowered their price target on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $144.79.

Toll Brothers Stock Performance

NYSE:TOL traded up $0.02 during mid-day trading on Tuesday, hitting $94.23. The stock had a trading volume of 294,581 shares, compared to its average volume of 1,528,659. 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 company has a 50 day simple moving average of $108.84 and a 200-day simple moving average of $131.66. The stock has a market capitalization of $9.41 billion, a price-to-earnings ratio of 6.49, a P/E/G ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (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 business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. On average, research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers's payout ratio is presently 6.88%.

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.