Opinicus Capital Inc. Takes $1.49 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Opinicus Capital Inc. acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,479 shares of the construction company's stock, valued at approximately $1,488,000. Toll Brothers accounts for about 1.5% of Opinicus Capital Inc.'s investment portfolio, making the stock its 15th largest position.

A number of other hedge funds also recently made changes to their positions in TOL. IFP Advisors Inc raised its stake in shares of Toll Brothers by 87.1% during the third quarter. IFP Advisors Inc now owns 494 shares of the construction company's stock valued at $37,000 after purchasing an additional 230 shares during the period. Castleview Partners LLC acquired a new position in Toll Brothers in the third quarter worth $37,000. Baker Avenue Asset Management LP boosted its holdings in Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company's stock worth $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 third quarter. Fifth Third Bancorp now owns 754 shares of the construction company's stock worth $56,000 after purchasing an additional 156 shares during the period. Finally, GAMMA Investing LLC acquired a new position in Toll Brothers in the fourth quarter worth $76,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Seaport Res Ptn downgraded shares of Toll Brothers from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. JPMorgan Chase & Co. upped 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. Oppenheimer upped their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an "outperform" rating in a report on Thursday, March 21st. The Goldman Sachs Group upped their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a "sell" rating in a report on Thursday, February 22nd. Finally, Citigroup upped their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a "neutral" rating in a report on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $113.80.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company's stock, valued at approximately $1,120,295.48. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Stephen F. East sold 1,500 shares of the business's stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares of the company's stock, valued at approximately $1,120,295.48. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company's stock, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. Insiders have sold a total of 66,500 shares of company stock valued at $7,881,930 in the last 90 days. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Trading Up 2.4 %

NYSE TOL traded up $2.86 on Friday, hitting $120.22. 735,437 shares of the company were exchanged, compared to its average volume of 1,083,275. The company's 50 day moving average price is $118.95 and its 200-day moving average price is $100.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65. The firm has a market capitalization of $12.52 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 0.98 and a beta of 1.66. Toll Brothers, Inc. has a twelve month low of $61.70 and a twelve month high of $130.63.

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 (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.48. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 EPS. Analysts predict that Toll Brothers, Inc. will post 13.71 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 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, April 4th. This is a boost from Toll Brothers's previous quarterly dividend of $0.21. Toll Brothers's payout ratio is 7.11%.

About Toll Brothers

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.