1,696 Shares in Toll Brothers, Inc. (NYSE:TOL) Acquired by Level Four Advisory Services LLC

Level Four Advisory Services LLC bought a new stake in Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,696 shares of the construction company’s stock, valued at approximately $214,000.

Several other large investors also recently added to or reduced their stakes in the business. State Street Corp lifted its stake in shares of Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after purchasing an additional 42,871 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Toll Brothers by 4.1% in the third quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after buying an additional 84,652 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after acquiring an additional 341,980 shares in the last quarter. Norges Bank acquired a new position in shares of Toll Brothers during the 4th quarter valued at about $149,924,000. Finally, Pictet Asset Management Holding SA raised its stake in shares of Toll Brothers by 21.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 784,412 shares of the construction company’s stock valued at $98,797,000 after acquiring an additional 140,133 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Trading Down 0.4 %

Shares of TOL opened at $105.19 on Wednesday. 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 stock has a market cap of $10.51 billion, a PE ratio of 7.24, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 1 year low of $101.50 and a 1 year high of $169.52. The stock has a 50 day simple moving average of $117.70 and a 200-day simple moving average of $135.84.

Toll Brothers (NYSE:TOL) last released 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, sell-side analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal 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 given a $0.25 dividend. The ex-dividend date is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. Toll Brothers’s payout ratio is 6.88%.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 420 shares of the business’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 transaction, the director now directly owns 13,186 shares of the company’s stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TOL shares. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Wells Fargo & Company lowered their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Keefe, Bruyette & Woods decreased their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Finally, The Goldman Sachs Group dropped their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

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.