First Hawaiian Bank Increases Holdings in Toll Brothers, Inc. (NYSE:TOL)

First Hawaiian Bank boosted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 139.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,524 shares of the construction company’s stock after purchasing an additional 2,637 shares during the quarter. First Hawaiian Bank’s holdings in Toll Brothers were worth $478,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC raised its holdings in shares of Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after purchasing an additional 341,980 shares in the last quarter. Lecap Asset Management Ltd. increased its holdings in Toll Brothers by 721.8% during the fourth quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock valued at $2,087,000 after buying an additional 14,551 shares during the period. Jones Financial Companies Lllp raised its stake in Toll Brothers by 66.7% in the fourth quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company’s stock worth $666,000 after buying an additional 2,116 shares in the last quarter. OMC Financial Services LTD purchased a new stake in Toll Brothers during the fourth quarter worth $2,330,000. Finally, GDS Wealth Management boosted its position in Toll Brothers by 297.8% during the 4th quarter. GDS Wealth Management now owns 12,419 shares of the construction company’s stock valued at $1,564,000 after acquiring an additional 9,297 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on TOL. The Goldman Sachs Group reduced their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Wedbush reiterated an “outperform” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Keefe, Bruyette & Woods lowered their price target on shares of Toll Brothers from $132.00 to $120.00 and set a “market perform” rating on the stock in a report on Tuesday, May 20th. Evercore ISI reaffirmed an “outperform” rating and issued a $169.00 price objective (up previously from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Finally, Barclays reissued an “underweight” rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $141.36.

Toll Brothers Trading Down 0.6%

Shares of Toll Brothers stock opened at $104.37 on Monday. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The firm’s 50 day simple moving average is $101.18 and its two-hundred day simple moving average is $119.79. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm earned $3.38 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. 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 was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is currently 7.42%.

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.