Jamison Private Wealth Management Inc. Boosts Holdings in Toll Brothers, Inc. (NYSE:TOL)

Jamison Private Wealth Management Inc. boosted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 122.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,482 shares of the construction company’s stock after acquiring an additional 1,920 shares during the period. Jamison Private Wealth Management Inc.’s holdings in Toll Brothers were worth $439,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. grew its holdings in shares of Toll Brothers by 17.4% during the 4th quarter. First Citizens Bank & Trust Co. now owns 2,760 shares of the construction company’s stock worth $348,000 after purchasing an additional 409 shares during the period. Montecito Bank & Trust lifted its position in Toll Brothers by 39.5% in the fourth quarter. Montecito Bank & Trust now owns 2,101 shares of the construction company’s stock valued at $265,000 after buying an additional 595 shares during the last quarter. Whalen Wealth Management Inc. purchased a new position in Toll Brothers during the fourth quarter worth about $236,000. Janney Montgomery Scott LLC increased its position in shares of Toll Brothers by 2.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 141,182 shares of the construction company’s stock valued at $17,782,000 after acquiring an additional 3,560 shares during the last quarter. Finally, Eads & Heald Wealth Management purchased a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $256,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction 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 transaction, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,202 shares of company stock worth $1,947,436. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Toll Brothers stock opened at $135.04 on Friday. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $139.51 and a 200-day simple moving average of $141.94. The stock has a market cap of $13.51 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 1.04 and a beta of 1.74. Toll Brothers, Inc. has a 12-month low of $96.33 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping 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 company 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 business earned $4.11 EPS. Toll Brothers’s revenue for the quarter was up 10.4% on a year-over-year basis. Equities analysts expect that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.68%. Toll Brothers’s dividend payout ratio is currently 6.12%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Barclays cut their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. Finally, UBS Group cut their price target on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $156.64.

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.