Janney Montgomery Scott LLC Increases Holdings in Toll Brothers, Inc. (NYSE:TOL)

Janney Montgomery Scott LLC boosted its position in Toll Brothers, Inc. (NYSE:TOL) by 2.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,182 shares of the construction company’s stock after buying an additional 3,560 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Toll Brothers were worth $17,782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in shares of Toll Brothers by 4.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 27,243 shares of the construction company’s stock valued at $3,138,000 after purchasing an additional 1,162 shares in the last quarter. Evergreen Capital Management LLC lifted its stake 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 purchasing an additional 109 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Toll Brothers during the second quarter valued at about $169,000. Insigneo Advisory Services LLC purchased a new position in shares of Toll Brothers in the second quarter worth about $215,000. Finally, AXA S.A. lifted its stake in shares of Toll Brothers by 37.0% in the 2nd quarter. AXA S.A. now owns 128,805 shares of the construction company’s stock valued at $14,836,000 after acquiring an additional 34,814 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares of the company’s stock, 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. In the last ninety days, insiders sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $135.04 on Friday. The company has a 50 day simple moving average of $139.51 and a two-hundred day simple moving average of $141.94. Toll Brothers, Inc. has a fifty-two week low of $96.33 and a fifty-two week high of $169.52. The company has a market capitalization of $13.51 billion, a price-to-earnings ratio of 8.98, a P/E/G ratio of 1.04 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating 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 company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same quarter last year, the company earned $4.11 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. 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 6.12%.

Wall Street Analyst Weigh In

TOL has been the topic of a number of analyst reports. Citigroup decreased their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Evercore ISI lifted their target price 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 raised their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Oppenheimer reiterated an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Finally, UBS Group reduced their target price on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $156.64.

About Toll Brothers

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.