Cerity Partners LLC Purchases 4,291 Shares of Toll Brothers, Inc. (NYSE:TOL)

Cerity Partners LLC boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 103.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,433 shares of the construction company’s stock after acquiring an additional 4,291 shares during the period. Cerity Partners LLC’s holdings in Toll Brothers were worth $867,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc grew its position in shares of Toll Brothers by 87.1% in the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after buying an additional 230 shares during the last quarter. Castleview Partners LLC acquired a new position in shares of Toll Brothers during the third quarter worth $37,000. Baker Avenue Asset Management LP lifted its holdings in shares of Toll Brothers by 23.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Toll Brothers by 26.1% in the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after purchasing an additional 156 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in Toll Brothers by 6,183.3% during the 4th quarter. International Assets Investment Management LLC now owns 1,131 shares of the construction company’s stock worth $116,000 after buying an additional 1,113 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 1.4 %

Shares of TOL stock opened at $113.81 on Tuesday. Toll Brothers, Inc. has a twelve month low of $61.17 and a twelve month high of $130.63. The stock has a market cap of $11.86 billion, a P/E ratio of 8.80, a P/E/G ratio of 0.93 and a beta of 1.66. The stock has a 50 day moving average of $117.62 and a 200 day moving average of $99.61. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last posted its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the previous year, the firm earned $1.70 EPS. The business’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a $0.23 dividend. The ex-dividend date was Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.81%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio is 7.11%.

Insider Transactions at Toll Brothers

In related news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the transaction, the director now owns 34,069 shares of the company’s stock, valued at $4,020,823.38. 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 ninety days. 1.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TOL has been the subject of a number of research analyst reports. Wedbush reiterated a “neutral” rating and issued a $87.00 price target on shares of Toll Brothers in a research note on Wednesday, February 21st. The Goldman Sachs Group lifted their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research note on Thursday, February 22nd. Seaport Res Ptn cut shares of Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Barclays lifted their price objective on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. Finally, JPMorgan Chase & Co. raised their target price on Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. 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. According to MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $113.80.

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.