Phoenix Financial Ltd. Has $2.79 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Phoenix Financial Ltd. boosted its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 65.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,158 shares of the construction company's stock after acquiring an additional 8,770 shares during the quarter. Phoenix Financial Ltd.'s holdings in Toll Brothers were worth $2,791,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new position in shares of Toll Brothers during the third quarter valued at $62,000. EP Wealth Advisors LLC bought a new position in Toll Brothers in the 3rd quarter valued at about $204,000. National Bank of Canada FI increased its stake in Toll Brothers by 6.7% during the 3rd quarter. National Bank of Canada FI now owns 43,998 shares of the construction company's stock valued at $6,797,000 after buying an additional 2,766 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Toll Brothers by 30.4% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,889 shares of the construction company's stock worth $446,000 after buying an additional 673 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Toll Brothers by 22.4% in the 3rd quarter. MML Investors Services LLC now owns 23,005 shares of the construction company's stock worth $3,554,000 after acquiring an additional 4,209 shares during the period. Institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Up 0.5 %

Shares of Toll Brothers stock traded up $0.49 during midday trading on Monday, hitting $94.11. The company's stock had a trading volume of 1,565,935 shares, compared to its average volume of 1,533,508. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $9.40 billion, a P/E ratio of 6.48, a PEG ratio of 1.02 and a beta of 1.48. The stock has a 50-day simple moving average of $109.66 and a 200-day simple moving average of $132.08.

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Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio is currently 6.88%.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 420 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now directly owns 13,186 shares of the company's stock, valued at approximately $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 can be accessed through this link. Insiders own 1.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company lowered their price target on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday. Oppenheimer dropped their price objective on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Citigroup decreased their target price on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, UBS Group dropped their price target on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $144.79.

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.