Montecito Bank & Trust Has $265,000 Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Montecito Bank & Trust grew its stake in Toll Brothers, Inc. (NYSE:TOL) by 39.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,101 shares of the construction company’s stock after purchasing an additional 595 shares during the quarter. Montecito Bank & Trust’s holdings in Toll Brothers were worth $265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whalen Wealth Management Inc. acquired a new position in Toll Brothers in the fourth quarter valued at about $236,000. Janney Montgomery Scott LLC raised its position in shares of Toll Brothers by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 141,182 shares of the construction company’s stock valued at $17,782,000 after acquiring an additional 3,560 shares during the period. Eads & Heald Wealth Management bought a new position in Toll Brothers during the 4th quarter worth approximately $256,000. UMB Bank n.a. grew its holdings in Toll Brothers by 91.5% during the fourth quarter. UMB Bank n.a. now owns 519 shares of the construction company’s stock valued at $65,000 after purchasing an additional 248 shares during the period. Finally, HB Wealth Management LLC bought a new stake in Toll Brothers in the fourth quarter valued at approximately $243,000. 91.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Trading Down 1.2 %

Shares of NYSE:TOL opened at $135.04 on Friday. The stock has a market capitalization of $13.51 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 1.04 and a beta of 1.74. The company’s 50-day moving average price is $139.51 and its two-hundred day moving average price is $141.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. Toll Brothers, Inc. has a one year low of $96.33 and a one year high of $169.52.

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

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. Toll Brothers’s payout ratio is 6.12%.

Analyst Ratings Changes

Several brokerages have recently issued reports on TOL. Evercore ISI boosted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. UBS Group lowered their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th. Citigroup lowered their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $156.64.

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.