Peak Retirement Planning Inc. Makes New $771,000 Investment in Toll Brothers, Inc. (NYSE:TOL)

Peak Retirement Planning Inc. bought a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 6,120 shares of the construction company’s stock, valued at approximately $771,000.

Other hedge funds have also recently made changes to their positions in the company. Lee Danner & Bass Inc. bought a new stake in Toll Brothers during the fourth quarter worth approximately $27,000. Promus Capital LLC purchased a new position in shares of Toll Brothers in the 4th quarter worth approximately $29,000. IAG Wealth Partners LLC boosted its holdings in shares of Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after purchasing an additional 238 shares during the period. DiNuzzo Private Wealth Inc. increased its position in shares of Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after purchasing an additional 250 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after buying an additional 75 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of analyst reports. UBS Group reiterated a “buy” rating on shares of Toll Brothers in a research report on Tuesday. Wedbush reiterated an “outperform” rating on shares of Toll Brothers in a report on Tuesday. Barclays reissued an “underweight” rating on shares of Toll Brothers in a research report on Tuesday. Evercore ISI restated an “outperform” rating and set a $169.00 target price (up previously from $167.00) on shares of Toll Brothers in a research report on Thursday. Finally, Wall Street Zen upgraded Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.36.

Insiders Place Their Bets

In other 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 of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Up 0.1%

Shares of NYSE TOL opened at $104.25 on Friday. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The firm has a market capitalization of $10.41 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 1.02 and a beta of 1.45. The stock has a 50 day moving average price of $101.50 and a 200 day moving average price of $121.94. 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 (NYSE:TOL) last issued its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the previous year, the company posted $3.38 EPS. Toll Brothers’s revenue was down 3.5% on a year-over-year basis. Sell-side analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. Toll Brothers’s dividend payout ratio is 7.42%.

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.