Aviance Capital Partners LLC Increases Stock Position in Toll Brothers Inc. (NYSE:TOL)

Aviance Capital Partners LLC lifted its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 23.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,398 shares of the construction company's stock after buying an additional 3,674 shares during the period. Aviance Capital Partners LLC's holdings in Toll Brothers were worth $2,048,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sound Income Strategies LLC increased its holdings in shares of Toll Brothers by 84.2% in the first quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after buying an additional 112 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers in the fourth quarter worth about $27,000. Promus Capital LLC bought a new stake in shares of Toll Brothers in the fourth quarter worth about $29,000. IAG Wealth Partners LLC grew its stake in shares of Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after purchasing an additional 238 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Down 2.8%

Toll Brothers stock traded down $3.32 during trading hours on Friday, hitting $116.95. 1,124,095 shares of the stock traded hands, compared to its average volume of 1,603,870. The firm's 50-day moving average price is $107.16 and its two-hundred day moving average price is $113.05. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. The company has a market cap of $11.48 billion, a PE ratio of 8.68, a PEG ratio of 1.23 and a beta of 1.36. Toll Brothers Inc. has a one year low of $86.67 and a one year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the firm posted $3.38 EPS. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Toll Brothers's dividend payout ratio is currently 7.42%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Wells Fargo & Company raised their target price on Toll Brothers from $125.00 to $130.00 and gave the stock an "overweight" rating in a research note on Friday, June 27th. Evercore ISI reissued an "outperform" rating and issued a $169.00 target price (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. UBS Group reissued a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, Barclays reissued an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average price target of $141.46.

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.