Concurrent Investment Advisors LLC Makes New Investment in Toll Brothers Inc. (NYSE:TOL)

Concurrent Investment Advisors LLC bought a new position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,146 shares of the construction company's stock, valued at approximately $227,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers in the fourth quarter valued at about $27,000. Sound Income Strategies LLC lifted 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 valued at $26,000 after purchasing an additional 112 shares in the last quarter. Quarry LP lifted its holdings in shares of Toll Brothers by 1,035.7% in the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock valued at $40,000 after purchasing an additional 290 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Toll Brothers by 46.6% in the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock valued at $41,000 after purchasing an additional 104 shares in the last quarter. Finally, Avalon Trust Co bought a new stake in shares of Toll Brothers in the fourth quarter valued at about $58,000. 91.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TOL shares. Oppenheimer cut their price target on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Raymond James Financial restated a "strong-buy" rating and issued a $130.00 price target (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Keefe, Bruyette & Woods lowered their target price on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 20th. Royal Bank Of Canada lowered their target price on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. Finally, Wells Fargo & Company lifted their target price on Toll Brothers from $130.00 to $135.00 and gave the company an "overweight" rating in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $141.85.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $120.98 on Friday. The business's 50 day moving average price is $109.33 and its two-hundred day moving average price is $112.63. The company has a market cap of $11.88 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.26 and a beta of 1.36. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

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

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, July 11th. Toll Brothers's dividend 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.

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