Vista Investment Partners LLC Invests $3.35 Million in Toll Brothers, Inc. (NYSE:TOL)

Vista Investment Partners LLC purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 26,597 shares of the construction company’s stock, valued at approximately $3,350,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of Toll Brothers by 4.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 27,243 shares of the construction company’s stock worth $3,138,000 after buying an additional 1,162 shares in the last quarter. Evergreen Capital Management LLC raised its position in Toll Brothers by 4.1% in the second quarter. Evergreen Capital Management LLC now owns 2,749 shares of the construction company’s stock worth $317,000 after acquiring an additional 109 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Toll Brothers in the second quarter worth $169,000. Insigneo Advisory Services LLC acquired a new stake in Toll Brothers in the second quarter valued at $215,000. Finally, AXA S.A. boosted its position in shares of Toll Brothers by 37.0% during the 2nd quarter. AXA S.A. now owns 128,805 shares of the construction company’s stock worth $14,836,000 after purchasing an additional 34,814 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

TOL has been the subject of a number of research analyst reports. UBS Group cut their price target on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Citigroup dropped their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. Royal Bank of Canada raised their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Evercore ISI boosted their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, five have issued 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 an average rating of “Moderate Buy” and an average price target of $156.64.

Toll Brothers Trading Down 1.2 %

TOL stock opened at $135.04 on Friday. Toll Brothers, Inc. has a 52 week low of $96.33 and a 52 week high of $169.52. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 1.04 and a beta of 1.74. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $139.51 and a 200-day simple moving average of $141.94.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the business earned $4.11 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts expect that Toll Brothers, Inc. will post 14.25 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were 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 directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock worth $1,947,436 over the last quarter. 1.54% of the stock is owned by corporate insiders.

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.