Harvest Investment Services LLC Acquires 13,543 Shares of Toll Brothers, Inc. (NYSE:TOL)

Harvest Investment Services LLC boosted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 932.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,996 shares of the construction company’s stock after acquiring an additional 13,543 shares during the quarter. Harvest Investment Services LLC’s holdings in Toll Brothers were worth $1,889,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new stake in Toll Brothers in the 4th quarter valued at $25,000. Lee Danner & Bass Inc. bought a new position in Toll Brothers during the 4th quarter valued at about $27,000. Promus Capital LLC acquired a new position in Toll Brothers in the fourth quarter valued at about $29,000. IAG Wealth Partners LLC increased its holdings in shares of Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after buying an additional 238 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its holdings in shares of Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $92.23 on Tuesday. The stock has a 50 day moving average of $105.56 and a 200-day moving average of $129.56. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a market capitalization of $9.21 billion, a P/E ratio of 6.35, a P/E/G ratio of 1.02 and a beta of 1.48. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

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

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TOL. UBS Group lowered their target price on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Wells Fargo & Company decreased their price objective on Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. StockNews.com upgraded Toll Brothers from a “sell” rating to a “hold” rating in a report on Saturday, April 5th. Finally, Bank of America cut their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $144.79.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.54% of the company’s stock.

Toll Brothers Company 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.