Oppenheimer & Co. Inc. Has $3.16 Million Stock Position in Toll Brothers Inc. (NYSE:TOL)

Oppenheimer & Co. Inc. increased its position in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 16.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,898 shares of the construction company's stock after buying an additional 4,239 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Toll Brothers were worth $3,157,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new stake in shares of Toll Brothers in the fourth quarter worth approximately $27,000. Promus Capital LLC purchased a new stake in shares of Toll Brothers in the fourth quarter worth approximately $29,000. Sound Income Strategies LLC raised its stake 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 worth $26,000 after purchasing an additional 112 shares during the last quarter. IAG Wealth Partners LLC raised its stake 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 worth $33,000 after purchasing an additional 238 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake 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 worth $37,000 after purchasing an additional 75 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $111.31 on Thursday. The stock has a fifty day simple moving average of $104.73 and a two-hundred day simple moving average of $114.11. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The firm has a market cap of $10.93 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 1.18 and a beta of 1.35. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data 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 17.87% and a net margin of 12.95%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company earned $3.38 earnings per share. Toll Brothers's revenue was down 3.5% compared to the same quarter last year. Analysts anticipate that Toll Brothers Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, July 11th. Toll Brothers's payout ratio is currently 7.42%.

Analyst Ratings Changes

Several brokerages have recently commented on TOL. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. UBS Group reissued a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Evercore ISI reaffirmed an "outperform" rating and set a $169.00 price target (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods decreased their price target on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research report on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $141.08.

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.

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