Park Avenue Securities LLC Raises Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Park Avenue Securities LLC raised its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,147 shares of the construction company’s stock after purchasing an additional 146 shares during the quarter. Park Avenue Securities LLC’s holdings in Toll Brothers were worth $270,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of TOL. Larson Financial Group LLC boosted its position in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the period. First Trust Direct Indexing L.P. increased its stake in Toll Brothers by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after buying an additional 72 shares during the period. First Citizens Bank & Trust Co. grew its stake in Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after purchasing an additional 83 shares in the last quarter. Versant Capital Management Inc lifted its stake in Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock worth $88,000 after acquiring an additional 92 shares during the period. Finally, Evergreen Capital Management LLC increased its holdings in Toll Brothers by 4.1% during the second quarter. Evergreen Capital Management LLC now owns 2,749 shares of the construction company’s stock valued at $317,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Down 1.2 %

Shares of TOL stock opened at $135.04 on Friday. The stock has a market capitalization of $13.51 billion, a P/E ratio of 8.98, a price-to-earnings-growth 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, Inc. has a fifty-two week low of $96.33 and a fifty-two week high of $169.52. The company has a 50 day moving average price of $139.51 and a 200 day moving average price of $141.94.

Toll Brothers (NYSE:TOL) last announced 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 net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the business earned $4.11 EPS. The company’s revenue was up 10.4% on a year-over-year basis. Equities research analysts predict that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, January 10th. Toll Brothers’s payout ratio is currently 6.12%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Oppenheimer reissued an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Finally, Barclays lowered their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.64.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,202 shares of company stock worth $1,947,436. Insiders own 1.54% of the company’s stock.

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.