Peak Retirement Planning Inc. Invests $771,000 in Toll Brothers, Inc. (NYSE:TOL)

Peak Retirement Planning Inc. acquired a new stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,120 shares of the construction company's stock, valued at approximately $771,000.

A number of other hedge funds also recently made changes to their positions in TOL. Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers during the fourth quarter valued at about $27,000. Promus Capital LLC purchased a new stake in Toll Brothers during the 4th quarter worth approximately $29,000. IAG Wealth Partners LLC raised its position in shares of 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 purchasing an additional 238 shares in the last quarter. DiNuzzo Private Wealth Inc. boosted its stake in shares of Toll Brothers by 806.5% during 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 last quarter. Finally, Smartleaf Asset Management LLC grew its position 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. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Ratings Changes

TOL has been the topic of several research reports. Evercore ISI restated an "outperform" rating and set a $169.00 price objective (up previously from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. The Goldman Sachs Group reduced their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada dropped their price target on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday, May 16th. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $141.36.

Toll Brothers Stock Up 0.6%

Shares of NYSE:TOL traded up $0.62 during midday trading on Thursday, hitting $104.80. 523,894 shares of the stock were exchanged, compared to its average volume of 1,559,850. The company has a market capitalization of $10.47 billion, a PE ratio of 7.21, a P/E/G ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week 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 business's fifty day simple moving average is $101.42 and its two-hundred day simple moving average is $120.93.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS 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 business had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the business posted $3.38 EPS. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. As a group, research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.95%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers's payout ratio is currently 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.