Vest Financial LLC Has $2.61 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Vest Financial LLC increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 26.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 24,708 shares of the construction company’s stock after acquiring an additional 5,158 shares during the period. Vest Financial LLC’s holdings in Toll Brothers were worth $2,609,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Smartleaf Asset Management LLC boosted its position in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after purchasing an additional 75 shares during the period. Insigneo Advisory Services LLC lifted its stake in shares of Toll Brothers by 4.7% in the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock worth $251,000 after buying an additional 89 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in shares of Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock worth $227,000 after buying an additional 100 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Toll Brothers by 1.7% during the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock worth $762,000 after buying an additional 100 shares during the period. Finally, Bessemer Group Inc. grew its stake in Toll Brothers by 46.6% in the 4th quarter. Bessemer Group Inc. now owns 327 shares of the construction company’s stock valued at $41,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

NYSE:TOL opened at $107.39 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The company has a 50-day moving average of $101.16 and a 200-day moving average of $118.43. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.02 and a beta of 1.35.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $3.38 earnings per share. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is 7.42%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on TOL. Raymond James restated a “strong-buy” rating and set a $130.00 price target (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Oppenheimer cut their price objective on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, May 15th. Wall Street Zen raised Toll Brothers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. The Goldman Sachs Group cut their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Finally, Keefe, Bruyette & Woods decreased 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 research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.08.

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.