Toll Brothers, Inc. (NYSE:TOL) Holdings Boosted by TIAA Trust National Association

TIAA Trust National Association grew its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.0% in the 4th quarter, Holdings Channel reports. The firm owned 54,406 shares of the construction company’s stock after acquiring an additional 519 shares during the quarter. TIAA Trust National Association’s holdings in Toll Brothers were worth $6,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. ORG Partners LLC acquired a new position in Toll Brothers during the 4th quarter valued at approximately $25,000. Brooklyn Investment Group acquired a new position in shares of Toll Brothers during the third quarter valued at $27,000. Lee Danner & Bass Inc. bought a new position in shares of Toll Brothers during the fourth quarter worth about $27,000. Larson Financial Group LLC increased its holdings in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the period. Finally, Promus Capital LLC bought a new stake in Toll Brothers in the 4th quarter valued at about $29,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TOL shares. Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research report on Friday, February 14th. Oppenheimer decreased their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Barclays cut their target price on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. Evercore ISI increased their price target on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the company’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 sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the firm’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 $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,764 shares of company stock worth $1,476,523 in the last quarter. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Performance

Shares of TOL opened at $111.07 on Wednesday. Toll Brothers, Inc. has a 12-month low of $102.49 and a 12-month high of $169.52. The stock has a market capitalization of $11.09 billion, a P/E ratio of 7.64, a P/E/G ratio of 1.02 and a beta of 1.77. The firm’s 50 day moving average is $120.51 and its 200-day moving average is $137.10. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

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 return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio is currently 6.88%.

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.