Thurston Springer Miller Herd & Titak Inc. Raises Holdings in Toll Brothers, Inc. (NYSE:TOL)

Thurston Springer Miller Herd & Titak Inc. boosted its position in Toll Brothers, Inc. (NYSE:TOL) by 239.2% during the first quarter, Holdings Channel.com reports. The fund owned 943 shares of the construction company’s stock after purchasing an additional 665 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Toll Brothers were worth $100,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of Toll Brothers by 34.4% in the 4th 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. Insigneo Advisory Services LLC raised its holdings in Toll Brothers by 4.7% in the fourth 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 lifted its position in Toll Brothers by 5.9% during the fourth 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 in the last quarter. NewEdge Advisors LLC grew its stake in Toll Brothers by 1.7% during the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock worth $762,000 after buying an additional 100 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Toll Brothers by 46.6% in the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company’s stock worth $41,000 after acquiring an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on TOL shares. Wells Fargo & Company reduced their target price on shares of Toll Brothers from $130.00 to $125.00 and set an “overweight” rating on the stock in a report on Tuesday, June 3rd. Royal Bank of Canada reduced their price objective on Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a research note on Friday, May 16th. Raymond James reaffirmed a “strong-buy” rating and issued a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. Wedbush reiterated an “outperform” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods decreased their price target on Toll Brothers from $132.00 to $120.00 and set a “market perform” rating for the company in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $141.08.

Toll Brothers Price Performance

TOL stock opened at $107.39 on Friday. The stock’s 50 day moving average is $101.16 and its two-hundred day moving average is $118.43. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a market capitalization of $10.54 billion, a PE ratio of 7.39, a P/E/G ratio of 1.02 and a beta of 1.35. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.64. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.38 earnings per share. Analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a dividend of $0.25 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.42%.

About Toll Brothers

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.