Cumberland Partners Ltd boosted its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 88,515 shares of the construction company's stock after buying an additional 15,955 shares during the quarter. Cumberland Partners Ltd owned approximately 0.09% of Toll Brothers worth $8,964,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc grew its stake in Toll Brothers by 87.1% in the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company's stock valued at $37,000 after buying an additional 230 shares during the last quarter. Castleview Partners LLC bought a new stake in Toll Brothers in the 3rd quarter valued at $37,000. Baker Avenue Asset Management LP boosted its holdings in Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company's stock valued at $50,000 after purchasing an additional 127 shares during the period. Fifth Third Bancorp boosted its holdings in Toll Brothers by 26.1% in the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company's stock valued at $56,000 after purchasing an additional 156 shares during the period. Finally, GAMMA Investing LLC bought a new stake in Toll Brothers in the 4th quarter valued at $76,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Toll Brothers
In other news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the sale, the director now owns 34,069 shares in the company, valued at approximately $4,020,823.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the sale, the director now owns 34,069 shares in the company, valued at approximately $4,020,823.38. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the transaction, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Insiders sold a total of 66,500 shares of company stock worth $7,881,930 in the last quarter. 1.54% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. StockNews.com raised shares of Toll Brothers from a "hold" rating to a "buy" rating in a report on Tuesday, April 16th. Seaport Res Ptn downgraded shares of Toll Brothers from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Citigroup increased their price target on shares of Toll Brothers from $116.00 to $138.00 and gave the company a "neutral" rating in a report on Friday, April 5th. Wells Fargo & Company raised their price objective on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an "overweight" rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $113.80.
View Our Latest Research Report on Toll Brothers
Toll Brothers Price Performance
TOL traded up $5.69 during midday trading on Tuesday, hitting $119.50. The company had a trading volume of 1,366,656 shares, compared to its average volume of 1,389,617. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The company has a market capitalization of $12.45 billion, a PE ratio of 9.24, a P/E/G ratio of 0.93 and a beta of 1.66. Toll Brothers, Inc. has a twelve month low of $61.17 and a twelve month high of $130.63. The firm's 50-day simple moving average is $117.62 and its 200-day simple moving average is $99.61.
Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.48. The firm had revenue of $1.95 billion during the quarter, compared to analysts' expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.70 EPS. Equities research analysts predict that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.
Toll Brothers Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a dividend of $0.23 per share. This is a boost from Toll Brothers's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.77%. Toll Brothers's payout ratio is currently 7.11%.
About Toll Brothers
(
Free Report)
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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