Lbp Am Sa Raises Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Lbp Am Sa grew its stake in Toll Brothers, Inc. (NYSE:TOL) by 52.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,707 shares of the construction company’s stock after acquiring an additional 927 shares during the period. Lbp Am Sa’s holdings in Toll Brothers were worth $341,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Fiduciary Alliance LLC purchased a new stake in Toll Brothers in the fourth quarter valued at approximately $1,117,000. Franklin Resources Inc. grew its stake in shares of Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after buying an additional 9,195 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Toll Brothers in the 3rd quarter valued at $12,506,000. Avior Wealth Management LLC lifted its stake in Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after acquiring an additional 3,328 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in Toll Brothers by 22.4% during the 3rd quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock valued at $3,554,000 after acquiring an additional 4,209 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of recent research reports. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Citigroup reduced their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Evercore ISI boosted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada reduced their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Oppenheimer lowered their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Trading Up 1.8 %

NYSE TOL opened at $104.92 on Monday. The firm’s fifty day moving average price is $123.13 and its 200 day moving average price is $138.76. Toll Brothers, Inc. has a 12 month low of $102.49 and a 12 month high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The company has a market capitalization of $10.43 billion, a price-to-earnings 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 (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. On average, sell-side analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.25 dividend. This is an increase 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 is 6.88%.

Insider Activity

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $46,443.60. Following the completion of the transaction, the director now directly 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 disclosure for this sale can be found here. Over the last three months, insiders sold 11,785 shares of company stock valued at $1,479,185. Insiders own 1.54% of the company’s stock.

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.