BLB&B Advisors LLC Boosts Holdings in Toll Brothers Inc. (NYSE:TOL)

BLB&B Advisors LLC lifted its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 73.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,523 shares of the construction company's stock after buying an additional 14,673 shares during the period. BLB&B Advisors LLC's holdings in Toll Brothers were worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers during the fourth quarter valued at about $27,000. Promus Capital LLC purchased a new position in shares of Toll Brothers during the 4th quarter worth approximately $29,000. Sound Income Strategies LLC boosted its position in shares of Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after purchasing an additional 112 shares during the period. IAG Wealth Partners LLC increased its holdings in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after purchasing an additional 75 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analysts Set New Price Targets

TOL has been the subject of a number of research reports. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Oppenheimer dropped their target price on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada lowered their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research note on Tuesday, May 20th. One investment 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 company's stock. According to MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus price target of $141.46.

Toll Brothers Stock Up 1.6%

Shares of NYSE:TOL traded up $1.89 during trading hours on Wednesday, reaching $119.87. The stock had a trading volume of 654,495 shares, compared to its average volume of 1,597,331. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 1.19 and a beta of 1.36. The firm's 50 day moving average is $106.40 and its 200-day moving average is $113.13. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.44 and a current ratio of 4.21. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52.

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

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Friday, July 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.00 annualized dividend and a yield of 0.83%. Toll Brothers's dividend payout ratio is currently 7.42%.

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.