Annex Advisory Services LLC Raises Stock Position in Toll Brothers Inc. $TOL

Key Points

• Annex Advisory Services increased its stake in Toll Brothers by 30.8%, acquiring an additional 10,420 shares to hold 44,251 shares valued at about $5.98 million, and institutional investors now own 91.76% of the stock.
• Toll Brothers beat quarterly expectations with $2.19 EPS vs. $2.05 consensus and revenue of $2.15 billion (up 15.4% YoY), and analysts collectively rate the stock a "Moderate Buy" with an average target of $165.69 after several target increases.
• Insiders sold shares recently (CEO Douglas Yearley sold 45,116 shares; Director Paul Shapiro sold 3,965), while the company raised its quarterly dividend to $0.26 (annualized $1.04, ~0.7% yield).

Annex Advisory Services LLC grew its holdings in Toll Brothers Inc. (NYSE:TOL - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,251 shares of the construction company's stock after acquiring an additional 10,420 shares during the period. Annex Advisory Services LLC's holdings in Toll Brothers were worth $5,984,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Wiser Advisor Group LLC purchased a new position in shares of Toll Brothers in the 3rd quarter valued at $27,000. Abich Financial Wealth Management LLC purchased a new position in shares of Toll Brothers in the 3rd quarter valued at $28,000. Ramirez Asset Management Inc. acquired a new stake in Toll Brothers during the 3rd quarter valued at $28,000. Measured Wealth Private Client Group LLC acquired a new stake in Toll Brothers during the 3rd quarter valued at $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Oppenheimer reaffirmed an "outperform" rating and set a $180.00 price target (up from $177.00) on shares of Toll Brothers in a report on Thursday, February 19th. Seaport Research Partners reaffirmed a "neutral" rating on shares of Toll Brothers in a report on Tuesday, April 7th. Royal Bank Of Canada raised their price target on shares of Toll Brothers from $144.00 to $161.00 and gave the company an "outperform" rating in a report on Thursday, February 19th. Citizens Jmp reaffirmed a "market outperform" rating and set a $175.00 price target on shares of Toll Brothers in a report on Wednesday, February 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of Toll Brothers from $141.00 to $143.00 and gave the company an "overweight" rating in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $165.69.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,965 shares of the firm's stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $146.68, for a total value of $581,586.20. Following the transaction, the director directly owned 118,680 shares in the company, valued at approximately $17,407,982.40. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the firm'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 completion of the transaction, the chief executive officer owned 321,256 shares in the company, valued at approximately $51,535,887.52. The trade was a 12.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.37% of the company's stock.

Toll Brothers Price Performance

Shares of TOL stock opened at $142.03 on Wednesday. The firm has a market cap of $13.45 billion, a P/E ratio of 10.15, a P/E/G ratio of 1.10 and a beta of 1.49. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.57 and a quick ratio of 0.62. Toll Brothers Inc. has a 1-year low of $90.78 and a 1-year high of $168.36. The firm has a fifty day moving average of $146.89 and a two-hundred day moving average of $141.05.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.14. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period last year, the firm posted $1.75 EPS. The company's revenue for the quarter was up 15.4% on a year-over-year basis. As a group, research 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 24th. Stockholders of record on Friday, April 10th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Friday, April 10th. This is an increase from Toll Brothers's previous quarterly dividend of $0.25. Toll Brothers's payout ratio is 7.43%.

About Toll Brothers

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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