Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Focus Partners Wealth

Focus Partners Wealth boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 18.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 66,070 shares of the construction company’s stock after purchasing an additional 10,227 shares during the period. Focus Partners Wealth’s holdings in Toll Brothers were worth $8,340,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TOL. Lee Danner & Bass Inc. acquired a new position in Toll Brothers during the fourth quarter worth $27,000. Promus Capital LLC acquired a new position in Toll Brothers during the fourth quarter worth $29,000. IAG Wealth Partners LLC raised its position in Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after acquiring an additional 238 shares during the period. DiNuzzo Private Wealth Inc. raised its position in Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after acquiring an additional 250 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after acquiring an additional 75 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Trading Up 0.8%

Shares of TOL opened at $109.39 on Wednesday. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The firm has a 50-day moving average price of $101.66 and a 200 day moving average price of $124.18. The firm has a market capitalization of $10.93 billion, a P/E ratio of 7.53, a P/E/G ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last announced its earnings results 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). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, April 11th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.88%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers 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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TOL shares. Bank of America reduced their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. UBS Group reduced their target price on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Oppenheimer reduced their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their target price on shares of Toll Brothers from $150.00 to $120.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.79.

Toll Brothers Company 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.