Lee Danner & Bass Inc. Acquires Shares of 215 Toll Brothers, Inc. (NYSE:TOL)

Lee Danner & Bass Inc. acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 215 shares of the construction company’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group acquired a new position in Toll Brothers in the 3rd quarter valued at $27,000. Larson Financial Group LLC grew its holdings in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares in the last quarter. ORG Partners LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth $25,000. Promus Capital LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth $29,000. Finally, IAG Wealth Partners LLC grew its holdings in shares of Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after purchasing an additional 238 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christine Garvey sold 420 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now directly owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,785 shares of company stock worth $1,479,185 over the last ninety days. 1.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TOL. Bank of America reduced their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reduced their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company reduced their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods reduced their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Finally, Barclays dropped their price objective on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Price Performance

Toll Brothers stock opened at $105.94 on Monday. Toll Brothers, Inc. has a 12 month low of $102.49 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. The company has a market capitalization of $10.58 billion, a PE ratio of 7.29, a P/E/G ratio of 1.02 and a beta of 1.77. The stock has a 50-day moving average price of $121.21 and a two-hundred day moving average price of $137.49.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.91 billion. Analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

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.