SlateStone Wealth LLC Boosts Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

SlateStone Wealth LLC grew its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 36,260 shares of the construction company’s stock after buying an additional 1,543 shares during the quarter. SlateStone Wealth LLC’s holdings in Toll Brothers were worth $4,567,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TOL. ORG Partners LLC acquired a new stake in Toll Brothers during the fourth quarter worth about $25,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers during the 3rd quarter worth about $27,000. Larson Financial Group LLC increased its position in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. Promus Capital LLC acquired a new position in Toll Brothers during the fourth quarter valued at approximately $29,000. Finally, IAG Wealth Partners LLC boosted its position in 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 during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

NYSE TOL opened at $104.92 on Friday. 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 firm’s fifty day moving average price is $123.13 and its two-hundred day moving average price is $138.78. Toll Brothers, Inc. has a 1 year low of $102.49 and a 1 year high of $169.52. The firm has a market capitalization of $10.43 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data 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 net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 0.95%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.88%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TOL. Royal Bank of Canada dropped their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Oppenheimer dropped their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Wedbush restated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Friday, February 14th. Finally, UBS Group lowered their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 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 represents a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,622 shares of company stock worth $1,993,880. 1.54% of the stock is currently owned by 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.