Long Run Wealth Advisors LLC Raises Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Long Run Wealth Advisors LLC boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 25.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,622 shares of the construction company's stock after acquiring an additional 6,979 shares during the period. Long Run Wealth Advisors LLC's holdings in Toll Brothers were worth $3,656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers during the 4th quarter worth approximately $27,000. Promus Capital LLC acquired a new stake in shares of Toll Brothers in the 4th quarter valued at about $29,000. IAG Wealth Partners LLC boosted its position in shares of 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 period. Smartleaf Asset Management LLC grew its holdings in shares of Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after buying an additional 75 shares in the last quarter. Finally, Quarry LP raised its position in Toll Brothers by 1,035.7% in the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock valued at $40,000 after buying an additional 290 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TOL has been the topic of a number of recent research reports. Oppenheimer lowered their target price on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. Keefe, Bruyette & Woods lowered their price target 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. Evercore ISI reissued an "outperform" rating and issued a $169.00 price objective (up previously from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Wedbush reissued an "outperform" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Bank of America cut their target price on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and an average target price of $141.00.

Toll Brothers Trading Up 0.4%

TOL stock traded up $0.41 during midday trading on Thursday, hitting $108.63. The company had a trading volume of 1,650,680 shares, compared to its average volume of 1,565,682. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The stock's 50 day moving average price is $101.05 and its 200 day moving average price is $119.27. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping 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 analysts' expectations of $2.50 billion. During the same period last year, the company posted $3.38 EPS. The company's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.92%. Toll Brothers's dividend payout ratio is 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.