15,438 Shares in Toll Brothers, Inc. (NYSE:TOL) Acquired by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. bought a new stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,438 shares of the construction company's stock, valued at approximately $1,944,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its holdings in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock valued at $28,000 after acquiring an additional 66 shares during the last quarter. First Trust Direct Indexing L.P. increased its position in shares of Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock worth $786,000 after purchasing an additional 72 shares in the last quarter. First Citizens Bank & Trust Co. raised its stake in Toll Brothers by 3.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock valued at $363,000 after purchasing an additional 83 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Toll Brothers by 15.1% in the 4th 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 in the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in Toll Brothers by 4.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 2,749 shares of the construction company's stock worth $317,000 after purchasing an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 over the last ninety days. Company insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TOL shares. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an "outperform" rating to a "market perform" rating and decreased their target price for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Citigroup lowered their target price on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company increased their price target on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Finally, Wedbush reissued an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $156.64.

Toll Brothers Trading Up 0.0 %

TOL traded up $0.04 on Thursday, hitting $134.27. The company had a trading volume of 1,152,683 shares, compared to its average volume of 1,392,698. The company's fifty day moving average price is $141.72 and its 200 day moving average price is $140.70. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The firm has a market cap of $13.43 billion, a P/E ratio of 8.93, a PEG ratio of 0.94 and a beta of 1.74.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (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 the consensus estimate 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 was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.11 EPS. As a group, equities analysts expect that Toll Brothers, Inc. will post 14.25 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers's dividend payout ratio (DPR) is 6.12%.

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.