First Citizens Bank & Trust Co. Boosts Stake in Toll Brothers, Inc. (NYSE:TOL)

First Citizens Bank & Trust Co. lifted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 17.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,760 shares of the construction company’s stock after acquiring an additional 409 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Toll Brothers were worth $348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TOL. Fiduciary Alliance LLC acquired a new stake in shares of Toll Brothers during the fourth quarter valued at about $1,117,000. Franklin Resources Inc. raised its position in Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after purchasing an additional 9,195 shares during the period. World Investment Advisors LLC acquired a new position in Toll Brothers during the third quarter worth $12,506,000. Chartwell Investment Partners LLC boosted its position in shares of Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after buying an additional 14,092 shares during the period. Finally, Avior Wealth Management LLC grew its stake in shares of Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after buying an additional 3,328 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TOL shares. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, December 11th. Citigroup reduced their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. UBS Group dropped their price target on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Bank of America reduced their price objective on Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Barclays lowered their target price on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Toll Brothers Stock Up 3.7 %

TOL stock opened at $140.01 on Tuesday. The stock has a market cap of $14.01 billion, a P/E ratio of 9.32, a PEG ratio of 1.04 and a beta of 1.74. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a twelve month low of $97.45 and a twelve month high of $169.52. The company’s 50 day moving average is $139.51 and its two-hundred day moving average is $142.14.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same period last year, the business earned $4.11 EPS. Toll Brothers’s revenue for the quarter was up 10.4% compared to the same quarter last year. Research analysts expect that Toll Brothers, Inc. will post 14.25 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.66%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Insider Buying and Selling

In related news, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,202 shares of company stock worth $1,947,436 in the last quarter. 1.54% of the stock is owned by insiders.

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.