Challenger Wealth Management Acquires Shares of 2,594 Toll Brothers, Inc. (NYSE:TOL)

Challenger Wealth Management bought a new stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,594 shares of the construction company's stock, valued at approximately $327,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. bought a new position in shares of Toll Brothers during the fourth quarter worth about $27,000. Promus Capital LLC acquired a new stake in Toll Brothers in the 4th quarter valued at $29,000. IAG Wealth Partners LLC increased its position in Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after buying an additional 238 shares during the last quarter. DiNuzzo Private Wealth Inc. raised its stake in Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after acquiring an additional 250 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position 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 valued at $37,000 after acquiring an additional 75 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a report on Tuesday, May 20th. Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Raymond James reaffirmed a "strong-buy" rating and set a $130.00 target price (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Barclays restated 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 assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $141.36.

Toll Brothers Stock Performance

TOL traded down $1.10 during trading on Friday, hitting $103.95. 437,874 shares of the stock were exchanged, compared to its average volume of 1,830,306. The firm has a market capitalization of $10.38 billion, a P/E ratio of 7.15, a PEG ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The stock has a fifty day moving average price of $101.32 and a two-hundred day moving average price of $120.57. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $3.38 EPS. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Toll Brothers, Inc. will post 13.83 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 25th. Shareholders of record on Friday, April 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 0.96%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is presently 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.