Old North State Trust LLC Raises Position in Toll Brothers, Inc. (NYSE:TOL)

Old North State Trust LLC boosted its position in Toll Brothers, Inc. (NYSE:TOL) by 7.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,069 shares of the construction company’s stock after purchasing an additional 143 shares during the period. Old North State Trust LLC’s holdings in Toll Brothers were worth $320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC raised its position in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the period. First Trust Direct Indexing L.P. raised its holdings in Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after acquiring an additional 72 shares during the period. Fifth Third Bancorp lifted its position in shares of Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after acquiring an additional 82 shares in the last quarter. First Citizens Bank & Trust Co. boosted its holdings in shares of Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after acquiring an additional 83 shares during the period. Finally, Clifford Swan Investment Counsel LLC grew its position in shares of Toll Brothers by 5.1% in the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after purchasing an additional 89 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TOL shares. Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Evercore ISI boosted their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada boosted their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a report on Wednesday. Finally, Oppenheimer reissued an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued 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 a consensus rating of “Moderate Buy” and a consensus price target of $152.53.

Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the transaction, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,000 shares of company stock valued at $16,435,800 over the last three months. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 2.8 %

TOL opened at $138.38 on Friday. Toll Brothers, Inc. has a one year low of $91.92 and a one year high of $169.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. The business has a 50 day simple moving average of $153.40 and a two-hundred day simple moving average of $139.08. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 1.07 and a beta of 1.69.

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 analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.11 earnings per share. Analysts predict that Toll Brothers, Inc. will post 14.55 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

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.