Montag A & Associates Inc. Increases Position in Toll Brothers Inc. $TOL

Key Points

• Montag A & Associates increased its stake in Toll Brothers by 94.3% in Q4, acquiring an additional 8,258 shares to hold 17,012 shares valued at about $2.3 million.
• Toll Brothers beat Q4 expectations with EPS of $2.19 (vs. $2.05 expected) and revenue of $2.15 billion (up 15.4% YoY), prompting analyst price-target increases and a consensus rating of "Moderate Buy" with a $164.44 target.
• CEO Douglas C. Jr. Yearley sold 45,116 shares for roughly $7.24 million (reducing his ownership by 12.31%), and the company also raised its quarterly dividend to $0.26 ($1.04 annual, ~0.7% yield).

Montag A & Associates Inc. increased its stake in Toll Brothers Inc. (NYSE:TOL - Free Report) by 94.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,012 shares of the construction company's stock after acquiring an additional 8,258 shares during the period. Montag A & Associates Inc.'s holdings in Toll Brothers were worth $2,300,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Merit Financial Group LLC grew its position in Toll Brothers by 0.4% in the fourth quarter. Merit Financial Group LLC now owns 20,568 shares of the construction company's stock worth $2,781,000 after acquiring an additional 72 shares in the last quarter. NorthCrest Asset Manangement LLC boosted its position in Toll Brothers by 0.3% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 26,685 shares of the construction company's stock valued at $3,633,000 after buying an additional 81 shares during the period. US Bancorp DE boosted its position in Toll Brothers by 1.5% during the third quarter. US Bancorp DE now owns 6,110 shares of the construction company's stock valued at $844,000 after buying an additional 88 shares during the period. Parcion Private Wealth LLC boosted its position in Toll Brothers by 4.3% during the fourth quarter. Parcion Private Wealth LLC now owns 2,253 shares of the construction company's stock valued at $305,000 after buying an additional 92 shares during the period. Finally, Bessemer Group Inc. boosted its position in Toll Brothers by 5.9% during the third quarter. Bessemer Group Inc. now owns 1,681 shares of the construction company's stock valued at $233,000 after buying an additional 93 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Performance

Toll Brothers stock opened at $139.98 on Monday. The company has a current ratio of 4.57, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average of $143.48 and a 200-day moving average of $141.87. The firm has a market cap of $13.26 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.09 and a beta of 1.39. Toll Brothers Inc. has a 1-year low of $100.92 and a 1-year high of $168.36.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, February 17th. The construction company reported $2.19 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.14. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $1.86 billion. Toll Brothers had a net margin of 12.26% and a return on equity of 16.83%. Toll Brothers's revenue for the quarter was up 15.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.75 earnings per share. Sell-side analysts expect that Toll Brothers Inc. will post 12.67 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were issued a dividend of $0.26 per share. This is an increase from Toll Brothers's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, April 10th. Toll Brothers's dividend payout ratio (DPR) is currently 7.43%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TOL. UBS Group upped their price target on shares of Toll Brothers from $181.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. The Goldman Sachs Group upped their price target on shares of Toll Brothers from $140.00 to $156.00 and gave the company a "neutral" rating in a research report on Tuesday, January 13th. Seaport Research Partners restated a "neutral" rating on shares of Toll Brothers in a research report on Tuesday, April 7th. Royal Bank Of Canada upped their price target on shares of Toll Brothers from $144.00 to $161.00 and gave the company an "outperform" rating in a research report on Thursday, February 19th. Finally, Oppenheimer restated an "outperform" rating and set a $180.00 price target (up from $177.00) on shares of Toll Brothers in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $164.44.

Insider Transactions at Toll Brothers

In other news, Director Stephen F. East sold 1,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the sale, the director directly owned 13,442 shares in the company, valued at approximately $1,877,847.40. This represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 45,116 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $160.42, for a total transaction of $7,237,508.72. Following the sale, the chief executive officer owned 321,256 shares of the company's stock, valued at approximately $51,535,887.52. This represents a 12.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.37% of the company's stock.

About Toll Brothers

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company's core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.

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