Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Old North State Trust LLC

Old North State Trust LLC raised its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 150.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,186 shares of the construction company's stock after buying an additional 3,117 shares during the period. Old North State Trust LLC's holdings in Toll Brothers were worth $653,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in Toll Brothers in the 4th quarter valued at approximately $27,000. Promus Capital LLC purchased a new position in Toll Brothers in the 4th quarter valued at approximately $29,000. IAG Wealth Partners LLC boosted its position in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after buying an additional 238 shares during the period. DiNuzzo Private Wealth Inc. boosted its position 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 buying an additional 250 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TOL. UBS Group reissued a "buy" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Evercore ISI restated an "outperform" rating and issued a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. The Goldman Sachs Group reduced their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Wells Fargo & Company restated an "overweight" rating and issued a $130.00 price objective (up from $120.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Finally, Raymond James restated a "strong-buy" rating and issued a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $141.36.

Toll Brothers Stock Performance

Toll Brothers stock traded down $0.68 during midday trading on Friday, hitting $104.37. 1,346,063 shares of the company's stock were exchanged, compared to its average volume of 1,564,642. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-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. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The firm's 50 day simple moving average is $101.18 and its 200 day simple moving average is $120.24.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (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 company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm posted $3.38 EPS. Toll Brothers's revenue for the quarter was down 3.5% on a year-over-year basis. Equities research analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.25 per share. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is presently 7.42%.

Toll Brothers Profile

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.