Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by ORG Wealth Partners LLC

ORG Wealth Partners LLC increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 10.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,172 shares of the construction company’s stock after purchasing an additional 201 shares during the period. ORG Wealth Partners LLC’s holdings in Toll Brothers were worth $274,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Franklin Resources Inc. boosted its position in shares of Toll Brothers by 5.4% during the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after buying an additional 9,195 shares during the period. World Investment Advisors LLC purchased a new position in Toll Brothers during the 3rd quarter valued at about $12,506,000. Chartwell Investment Partners LLC grew its position in Toll Brothers by 66.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after acquiring an additional 14,092 shares in the last quarter. Avior Wealth Management LLC increased its stake in Toll Brothers by 4,894.1% during the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after purchasing an additional 3,328 shares during the period. Finally, MML Investors Services LLC grew its stake in shares of Toll Brothers by 22.4% in the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock worth $3,554,000 after acquiring an additional 4,209 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,202 shares of company stock worth $5,903,186. 1.54% of the stock is currently owned by insiders.

Toll Brothers Price Performance

Shares of NYSE:TOL traded down $2.99 on Friday, hitting $123.81. The company had a trading volume of 482,934 shares, compared to its average volume of 1,093,009. The company has a market cap of $12.39 billion, a PE ratio of 8.24, a PEG ratio of 1.00 and a beta of 1.74. The business has a 50 day moving average of $143.81 and a 200 day moving average of $140.23. Toll Brothers, Inc. has a 52-week low of $95.46 and a 52-week high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the firm posted $4.11 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

Analysts Set New Price Targets

TOL has been the subject of a number of recent research reports. Oppenheimer reiterated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Wedbush reiterated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, December 11th. Bank of America boosted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. UBS Group decreased their target price on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Wells Fargo & Company lifted their price target on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.07.

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.