Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Invesco Ltd.

Invesco Ltd. boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 14.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,903,545 shares of the construction company's stock after acquiring an additional 236,402 shares during the period. Invesco Ltd. owned 1.91% of Toll Brothers worth $239,751,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Morse Asset Management Inc bought a new stake in shares of Toll Brothers in the third quarter worth about $62,000. EP Wealth Advisors LLC purchased a new position in Toll Brothers during the 3rd quarter valued at approximately $204,000. National Bank of Canada FI increased its stake in Toll Brothers by 6.7% in the 3rd quarter. National Bank of Canada FI now owns 43,998 shares of the construction company's stock worth $6,797,000 after acquiring an additional 2,766 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in Toll Brothers by 30.4% in the third quarter. Orion Portfolio Solutions LLC now owns 2,889 shares of the construction company's stock worth $446,000 after purchasing an additional 673 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in Toll Brothers by 22.4% during 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 last quarter. 91.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday. The Goldman Sachs Group lowered their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada dropped their target price on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $144.79.

Remove Ads

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the company's stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Up 0.5 %

Toll Brothers stock traded up $0.49 during trading hours on Monday, reaching $94.11. The stock had a trading volume of 1,565,935 shares, compared to its average volume of 1,533,508. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 6.48, a PEG ratio of 1.02 and a beta of 1.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The business's 50 day moving average price is $109.66 and its 200-day moving average price is $132.08.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.91 billion. Sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current 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 given a dividend of $0.25 per share. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, April 11th. Toll Brothers's dividend payout ratio is currently 6.88%.

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.