Beech Hill Advisors Inc. Makes New $1.94 Million Investment in Toll Brothers, Inc. (NYSE:TOL)

Beech Hill Advisors Inc. acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 15,438 shares of the construction company’s stock, valued at approximately $1,944,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fiduciary Alliance LLC purchased a new position in shares of Toll Brothers in the fourth quarter worth $1,117,000. Franklin Resources Inc. raised its stake in Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after acquiring an additional 9,195 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Toll Brothers during the 3rd quarter worth about $12,506,000. Chartwell Investment Partners LLC grew its stake in Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after purchasing an additional 14,092 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in shares of Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after purchasing an additional 3,328 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

Shares of NYSE:TOL traded down $1.06 during midday trading on Thursday, hitting $133.17. The company’s stock had a trading volume of 36,787 shares, compared to its average volume of 1,278,227. The company has a market cap of $13.32 billion, a P/E ratio of 8.86, a price-to-earnings-growth ratio of 0.94 and a beta of 1.74. Toll Brothers, Inc. has a 12-month low of $95.46 and a 12-month high of $169.52. The business’s 50 day simple moving average is $142.11 and its 200 day simple moving average is $140.75. 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, topping the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.11 EPS. On average, analysts forecast that Toll Brothers, Inc. will post 14.25 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.69%. Toll Brothers’s dividend payout ratio is presently 6.12%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on TOL shares. UBS Group dropped their target price on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI upped their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wedbush reissued an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.07.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was 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 of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is owned by company insiders.

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.