Royal Bank of Canada Boosts Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Royal Bank of Canada grew its stake in Toll Brothers, Inc. (NYSE:TOL) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,673 shares of the construction company’s stock after purchasing an additional 2,519 shares during the period. Royal Bank of Canada owned approximately 0.16% of Toll Brothers worth $20,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC grew its position in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after purchasing an additional 75 shares in the last quarter. Nilsine Partners LLC grew its position in shares of Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 88 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in shares of Toll Brothers by 4.7% in the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock valued at $251,000 after buying an additional 89 shares during the period. Peapack Gladstone Financial Corp grew its stake in shares of Toll Brothers by 5.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock valued at $227,000 after buying an additional 100 shares during the period. Finally, NewEdge Advisors LLC grew its stake in shares of Toll Brothers by 1.7% in the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock valued at $762,000 after buying an additional 100 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TOL. Royal Bank of Canada dropped their price target on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. 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. UBS Group reaffirmed a “buy” rating on shares of Toll Brothers in a research note on Tuesday. Evercore ISI reaffirmed an “outperform” rating and set a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $130.00 target price (up previously from $120.00) on shares of Toll Brothers in a research note on Thursday. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $141.36.

Toll Brothers Trading Up 0.1%

NYSE:TOL opened at $104.25 on Friday. The firm has a market cap of $10.41 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The stock has a fifty day moving average price of $101.50 and a 200 day moving average price of $121.74. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. 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 (NYSE:TOL) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Toll Brothers’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $3.38 earnings per share. Sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a dividend of $0.25 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers’s payout ratio is 7.42%.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the business’s 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 sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.54% of the company’s stock.

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.