Fiduciary Alliance LLC Purchases New Position in Toll Brothers, Inc. (NYSE:TOL)

Fiduciary Alliance LLC acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,868 shares of the construction company’s stock, valued at approximately $1,117,000.

Several other institutional investors have also modified their holdings of TOL. FMR LLC raised its stake in Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after acquiring an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Toll Brothers during the third quarter worth about $111,562,000. Pacer Advisors Inc. lifted its holdings in shares of Toll Brothers by 34.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. boosted its position in shares of Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after purchasing an additional 431,160 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in Toll Brothers during the 3rd quarter worth approximately $38,985,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on TOL. Bank of America increased their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Royal Bank of Canada increased their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Wells Fargo & Company upped their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, UBS Group lowered their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $158.07.

Toll Brothers Stock Up 1.9 %

Shares of NYSE TOL opened at $125.94 on Tuesday. The stock has a market capitalization of $12.60 billion, a price-to-earnings ratio of 8.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74. Toll Brothers, Inc. has a 52 week low of $95.46 and a 52 week high of $169.52. The firm has a 50-day moving average price of $142.92 and a 200 day moving average price of $140.68. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37.

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

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Insider Activity at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 40,202 shares of company stock valued at $5,903,186. Insiders own 1.54% of the company’s stock.

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.