Burney Co. Boosts Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Burney Co. grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 6.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 339,856 shares of the construction company's stock after acquiring an additional 19,373 shares during the quarter. Toll Brothers comprises approximately 1.5% of Burney Co.'s holdings, making the stock its 9th largest position. Burney Co. owned approximately 0.34% of Toll Brothers worth $42,805,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TOL. Daiwa Securities Group Inc. increased its position in shares of Toll Brothers by 168.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,100 shares of the construction company's stock valued at $587,000 after purchasing an additional 3,200 shares during the period. DekaBank Deutsche Girozentrale raised its position in Toll Brothers by 17.9% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,791 shares of the construction company's stock worth $1,009,000 after acquiring an additional 1,334 shares in the last quarter. Envestnet Asset Management Inc. raised its position in Toll Brothers by 4.5% in the second quarter. Envestnet Asset Management Inc. now owns 27,243 shares of the construction company's stock worth $3,138,000 after acquiring an additional 1,162 shares in the last quarter. Axxcess Wealth Management LLC lifted its holdings in Toll Brothers by 4.6% in the 2nd quarter. Axxcess Wealth Management LLC now owns 9,696 shares of the construction company's stock valued at $1,117,000 after acquiring an additional 428 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of Toll Brothers by 2.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 63,821 shares of the construction company's stock valued at $7,351,000 after purchasing an additional 1,682 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now owns 119,937 shares of the company's stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 11,140 shares of the firm'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 value 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 disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock worth $1,947,436 in the last 90 days. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Up 2.5 %

TOL stock traded up $3.24 during midday trading on Wednesday, reaching $134.14. The company had a trading volume of 1,851,108 shares, compared to its average volume of 1,415,929. The company has a 50 day moving average of $142.46 and a two-hundred day moving average of $140.79. The company has a market capitalization of $13.42 billion, a P/E ratio of 8.92, a PEG ratio of 1.00 and a beta of 1.74. 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 0.57 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the company earned $4.11 earnings per share. Toll Brothers's quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts expect that Toll Brothers, Inc. will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers's dividend payout ratio is 6.12%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TOL. Bank of America increased their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Evercore ISI lifted their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Citigroup reduced their target price on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Finally, Oppenheimer reissued an "outperform" rating and issued a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $158.07.

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.