2,034 Shares in Toll Brothers, Inc. (NYSE:TOL) Purchased by Eads & Heald Wealth Management

Eads & Heald Wealth Management purchased a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,034 shares of the construction company’s stock, valued at approximately $256,000.

A number of other large investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after purchasing an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Toll Brothers in the 3rd quarter worth $111,562,000. Point72 Asset Management L.P. increased its holdings 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 worth $110,993,000 after buying an additional 431,160 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Toll Brothers during the 3rd quarter valued at about $38,985,000. Finally, Jennison Associates LLC lifted its holdings in shares of Toll Brothers by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after acquiring an additional 229,603 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

TOL has been the topic of several analyst reports. Royal Bank of Canada boosted their price objective on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Evercore ISI increased their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Citigroup dropped their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Finally, Oppenheimer restated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.64.

Toll Brothers Stock Up 0.3 %

Shares of NYSE TOL opened at $135.57 on Wednesday. Toll Brothers, Inc. has a 52-week low of $95.46 and a 52-week high of $169.52. The firm has a market capitalization of $13.56 billion, a price-to-earnings ratio of 9.02, a PEG ratio of 1.03 and a beta of 1.74. The stock has a 50 day moving average price of $140.84 and a 200 day moving average price of $141.44. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the previous year, the company posted $4.11 EPS. Toll Brothers’s revenue was up 10.4% on a year-over-year basis. Sell-side analysts expect that Toll Brothers, Inc. will post 14.25 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Insider Buying and Selling at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,202 shares of company stock valued at $1,947,436. Company insiders own 1.54% of the company’s stock.

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.