Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Vest Financial LLC

Vest Financial LLC grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 26.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,708 shares of the construction company's stock after buying an additional 5,158 shares during the quarter. Vest Financial LLC's holdings in Toll Brothers were worth $2,609,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Annex Advisory Services LLC grew its holdings in Toll Brothers by 1.2% during the 1st quarter. Annex Advisory Services LLC now owns 47,137 shares of the construction company's stock worth $4,977,000 after acquiring an additional 573 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in Toll Brothers by 239.2% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 943 shares of the construction company's stock worth $100,000 after purchasing an additional 665 shares in the last quarter. Long Run Wealth Advisors LLC grew its stake in Toll Brothers by 25.2% in the first quarter. Long Run Wealth Advisors LLC now owns 34,622 shares of the construction company's stock worth $3,656,000 after purchasing an additional 6,979 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Toll Brothers by 10.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 13,840 shares of the construction company's stock valued at $1,461,000 after buying an additional 1,328 shares during the last quarter. Finally, Bremer Bank National Association raised its stake in Toll Brothers by 7.1% during the first quarter. Bremer Bank National Association now owns 31,008 shares of the construction company's stock valued at $3,274,000 after buying an additional 2,046 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Performance

TOL traded up $2.24 during trading hours on Monday, hitting $109.57. The company's stock had a trading volume of 1,507,483 shares, compared to its average volume of 1,569,379. The company has a 50-day simple moving average of $101.16 and a 200 day simple moving average of $118.19. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $10.76 billion, a PE ratio of 7.54, a PEG ratio of 1.02 and a beta of 1.35. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $3.38 earnings per share. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently declared 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 represents a $1.00 dividend on an annualized basis and a dividend yield of 0.91%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date was Friday, April 11th. Toll Brothers's payout ratio is 7.42%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Wells Fargo & Company decreased their target price on Toll Brothers from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday, June 3rd. The Goldman Sachs Group lowered their target price on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Keefe, Bruyette & Woods reduced their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a research report on Tuesday, May 20th. Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Royal Bank of Canada dropped their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research note on Friday, May 16th. One equities research 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 stock. According to MarketBeat, Toll Brothers currently has a consensus rating of "Moderate Buy" and a consensus price target 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.