Commonwealth Equity Services LLC Purchases 7,510 Shares of Toll Brothers, Inc. (NYSE:TOL)

Commonwealth Equity Services LLC increased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 15.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,098 shares of the construction company’s stock after buying an additional 7,510 shares during the period. Commonwealth Equity Services LLC owned 0.06% of Toll Brothers worth $6,940,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its holdings in Toll Brothers by 1.2% in the third quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after purchasing an additional 42,871 shares during the period. Geode Capital Management LLC grew its holdings in Toll Brothers by 4.1% in the third quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after purchasing an additional 84,652 shares during the period. FMR LLC grew its holdings in Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares during the period. Jennison Associates LLC grew its holdings in Toll Brothers by 38.7% in the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after purchasing an additional 341,980 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in Toll Brothers in the third quarter worth $111,562,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL stock opened at $107.13 on Friday. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 7.37, a P/E/G ratio of 1.02 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a 52 week low of $102.49 and a 52 week high of $169.52. The firm’s 50-day simple moving average is $121.56 and its two-hundred day simple moving average is $137.79.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. As a group, equities analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is 6.88%.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly 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. Insiders have sold a total of 11,785 shares of company stock valued at $1,479,185 over the last quarter. Company insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TOL. Wells Fargo & Company reduced their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group reduced their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Royal Bank of Canada reduced their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

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.