Advisors Capital Management LLC Increases Stock Position in Toll Brothers Inc. $TOL

Key Points

• Advisors Capital Management raised its stake in Toll Brothers by 86.1% in Q4 to 33,869 shares, valued at about $4.58 million.
• CEO Douglas C. Yearley Jr. sold 45,116 shares at an average price of $160.42 (~$7.24M), reducing his position by 12.31%, and insiders now own roughly 1.37% of the company.
• Toll Brothers beat Q4 expectations with EPS of $2.19 (vs. $2.05 est.) and revenue of $2.15B (up 15.4% y/y), while analysts hold a "Moderate Buy" consensus with an average target of $164.44.

Advisors Capital Management LLC raised its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 86.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,869 shares of the construction company's stock after purchasing an additional 15,672 shares during the quarter. Advisors Capital Management LLC's holdings in Toll Brothers were worth $4,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sivia Capital Partners LLC purchased a new position in Toll Brothers in the second quarter worth $705,000. Brown Advisory Inc. lifted its stake in Toll Brothers by 4.6% during the second quarter. Brown Advisory Inc. now owns 4,212 shares of the construction company's stock worth $481,000 after purchasing an additional 186 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Toll Brothers by 5.8% in the 2nd quarter. NewEdge Advisors LLC now owns 6,203 shares of the construction company's stock worth $708,000 after purchasing an additional 340 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Toll Brothers by 164.9% in the 2nd quarter. Sei Investments Co. now owns 38,556 shares of the construction company's stock worth $4,400,000 after purchasing an additional 24,001 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Toll Brothers by 1.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 46,208 shares of the construction company's stock valued at $5,274,000 after purchasing an additional 700 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 45,116 shares of the business's stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the transaction, the chief executive officer owned 321,256 shares in the company, valued at $51,535,887.52. The trade was a 12.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen F. East sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total value of $139,700.00. Following the transaction, the director directly owned 13,442 shares of the company's stock, valued at $1,877,847.40. The trade was a 6.92% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TOL shares. The Goldman Sachs Group increased their price target on shares of Toll Brothers from $140.00 to $156.00 and gave the company a "neutral" rating in a research report on Tuesday, January 13th. UBS Group upped their price objective on shares of Toll Brothers from $181.00 to $198.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Oppenheimer reaffirmed an "outperform" rating and issued a $180.00 price objective (up from $177.00) on shares of Toll Brothers in a research note on Thursday, February 19th. Seaport Research Partners reaffirmed a "neutral" rating on shares of Toll Brothers in a report on Tuesday, April 7th. Finally, Royal Bank Of Canada lifted their target price on shares of Toll Brothers from $144.00 to $161.00 and gave the stock an "outperform" rating in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $164.44.

Toll Brothers Trading Up 0.1%

NYSE:TOL opened at $146.75 on Monday. The company has a fifty day moving average of $145.03 and a 200 day moving average of $141.48. Toll Brothers Inc. has a 52 week low of $98.14 and a 52 week high of $168.36. The company has a quick ratio of 0.62, a current ratio of 4.57 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $13.90 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.15 and a beta of 1.49.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The business had revenue of $2.15 billion during the quarter, compared to analysts' expectations of $1.86 billion. During the same quarter in the prior year, the company posted $1.75 EPS. The firm's revenue for the quarter was up 15.4% compared to the same quarter last year. On average, research analysts predict that Toll Brothers Inc. will post 12.67 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 10th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, April 10th. This is a boost from Toll Brothers's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Toll Brothers's payout ratio is 7.43%.

Toll Brothers Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company's core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

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