May Barnhard Investments LLC purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,278 shares of the construction company's stock, valued at approximately $791,000.
Other hedge funds also recently made changes to their positions in the company. ORG Partners LLC bought a new stake in Toll Brothers during the fourth quarter worth about $25,000. Brooklyn Investment Group acquired a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC raised its stake in shares of Toll Brothers by 57.9% during 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 in the last quarter. Promus Capital LLC acquired a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $29,000. Finally, IAG Wealth Partners LLC grew its stake in shares of Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after buying an additional 238 shares in the last quarter. 91.76% of the stock is owned by institutional investors.
Insider Transactions at Toll Brothers
In other news, CFO Martin P. Connor sold 11,140 shares of the company's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares of the company's stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,785 shares of company stock valued at $1,479,185. 1.54% of the stock is owned by corporate insiders.
Toll Brothers Stock Performance
Shares of TOL stock traded down $1.02 on Tuesday, hitting $105.03. The company's stock had a trading volume of 1,273,783 shares, compared to its average volume of 1,413,497. Toll Brothers, Inc. has a fifty-two week low of $102.49 and a fifty-two week high of $169.52. The company has a market capitalization of $10.44 billion, a PE ratio of 7.23, a PEG ratio of 1.02 and a beta of 1.77. The stock's 50 day moving average is $122.74 and its 200-day moving average is $138.50. 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 (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.91 billion. Equities research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.
Toll Brothers Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. 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%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on TOL shares. Evercore ISI lifted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. UBS Group reduced their price target on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Wedbush reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. Keefe, Bruyette & Woods reduced their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus target price of $147.57.
Check Out Our Latest Report on TOL
About Toll Brothers
(
Free Report)
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.
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