Independent Advisor Alliance Purchases 225 Shares of Toll Brothers, Inc. (NYSE:TOL)

Independent Advisor Alliance raised its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,450 shares of the construction company’s stock after acquiring an additional 225 shares during the quarter. Independent Advisor Alliance’s holdings in Toll Brothers were worth $309,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of TOL. Larson Financial Group LLC grew its stake in Toll Brothers by 57.9% during 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. Smartleaf Asset Management LLC boosted its holdings in shares of Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after buying an additional 75 shares in the last quarter. Nilsine Partners LLC grew its position in shares of Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after buying an additional 88 shares during the period. Versant Capital Management Inc increased its stake in shares of Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after acquiring an additional 92 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its position in shares of Toll Brothers by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock valued at $472,000 after acquiring an additional 109 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Price Performance

TOL opened at $105.03 on Wednesday. Toll Brothers, Inc. has a 1 year low of $102.49 and a 1 year 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 $10.49 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 1.02 and a beta of 1.77. The firm’s fifty day moving average price is $122.36 and its two-hundred day moving average price is $138.22.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results 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). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, analysts anticipate 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TOL shares. Oppenheimer reduced their price target on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Royal Bank of Canada reduced their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Barclays dropped their price target on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. Evercore ISI boosted their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Insider Buying and Selling

In other news, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,785 shares of company stock worth $1,479,185. 1.54% of the stock is owned by company insiders.

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.