Commonwealth Equity Services LLC Purchases 7,510 Shares of Toll Brothers, Inc. (NYSE:TOL)

Commonwealth Equity Services LLC increased its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,098 shares of the construction company's stock after acquiring an additional 7,510 shares during the quarter. Commonwealth Equity Services LLC owned about 0.06% of Toll Brothers worth $6,940,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Larson Financial Group LLC lifted its position in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after purchasing an additional 66 shares during the period. Smartleaf Asset Management LLC lifted its holdings in 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 during the period. Nilsine Partners LLC boosted its position in Toll Brothers by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock valued at $2,433,000 after acquiring an additional 88 shares during the last quarter. Versant Capital Management Inc grew its holdings in Toll Brothers by 15.1% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock worth $88,000 after acquiring an additional 92 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Toll Brothers by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company's stock worth $472,000 after acquiring an additional 109 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

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Toll Brothers Stock Up 4.0 %

TOL traded up $4.25 during mid-day trading on Monday, reaching $110.40. 1,661,995 shares of the stock were exchanged, compared to its average volume of 1,429,595. The company has a 50 day moving average price of $121.21 and a two-hundred day moving average price of $137.49. The stock has a market capitalization of $11.03 billion, a PE ratio of 7.60, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a 1 year low of $102.49 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business 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, research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers's dividend payout ratio is presently 6.88%.

Insider Activity at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine Garvey sold 420 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,785 shares of company stock valued at $1,479,185. Corporate insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the topic of several research analyst reports. Wells Fargo & Company cut their target price on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Barclays cut their price target on Toll Brothers from $115.00 to $101.00 and set an "underweight" rating on the stock in a report on Tuesday, February 25th. Royal Bank of Canada lowered their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. UBS Group cut their target price on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group decreased their price target on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Two 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 company currently has an average rating of "Moderate Buy" and a consensus price target of $147.57.

Toll Brothers 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.