Merit Financial Group LLC Acquires 2,969 Shares of Toll Brothers, Inc. (NYSE:TOL)

Merit Financial Group LLC boosted its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 49.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,951 shares of the construction company's stock after buying an additional 2,969 shares during the period. Merit Financial Group LLC's holdings in Toll Brothers were worth $945,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers during the 4th quarter valued at approximately $27,000. Promus Capital LLC acquired a new position in Toll Brothers during the fourth quarter worth about $29,000. IAG Wealth Partners LLC lifted its holdings 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 valued at $33,000 after purchasing an additional 238 shares in the last quarter. Smartleaf Asset Management LLC grew its position 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 valued at $37,000 after purchasing an additional 75 shares during the last quarter. Finally, Quarry LP increased its stake in shares of Toll Brothers by 1,035.7% during the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after purchasing an additional 290 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TOL shares. 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. Raymond James reaffirmed a "strong-buy" rating and set a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. The Goldman Sachs Group cut their price target on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Barclays reissued an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $141.08.

Toll Brothers Stock Up 1.4%

Shares of NYSE TOL traded up $1.48 during mid-day trading on Monday, reaching $108.81. The company had a trading volume of 112,188 shares, compared to its average volume of 1,563,923. The stock has a market capitalization of $10.68 billion, a PE ratio of 7.49, a price-to-earnings-growth ratio of 1.02 and a beta of 1.35. The stock's 50 day moving average is $101.16 and its 200-day moving average is $118.19. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL - Get Free Report) last posted 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 return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company earned $3.38 earnings per share. The business's revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a dividend of $0.25 per share. 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%. The ex-dividend date of this dividend was Friday, April 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.