Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 23.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,380 shares of the construction company's stock after purchasing an additional 7,284 shares during the quarter. Cetera Investment Advisers' holdings in Toll Brothers were worth $4,834,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TOL. Lee Danner & Bass Inc. purchased a new position in Toll Brothers during the 4th quarter worth $27,000. Promus Capital LLC purchased a new position in Toll Brothers during the 4th quarter worth $29,000. IAG Wealth Partners LLC grew its position in Toll Brothers by 1,034.8% during the 4th 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. DiNuzzo Private Wealth Inc. grew its position in Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after purchasing an additional 250 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Toll Brothers by 34.4% during the 4th 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. Institutional investors and hedge funds own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. This represents a 3.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

TOL stock traded up $0.63 during trading on Friday, reaching $107.01. 1,465,142 shares of the company were exchanged, compared to its average volume of 1,552,216. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a market cap of $10.69 billion, a P/E ratio of 7.36, a PEG ratio of 1.02 and a beta of 1.45. 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 stock's 50 day moving average price is $101.56 and its 200 day moving average price is $123.29.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.91 billion. As a group, 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 declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio is 6.88%.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Oppenheimer lowered their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday. Bank of America lowered their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. UBS Group lowered their target price on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. StockNews.com raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Royal Bank of Canada lowered their target price on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and a consensus price target of $143.64.

Toll Brothers Company 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.