Custom Index Systems LLC Purchases 727 Shares of Toll Brothers, Inc. (NYSE:TOL)

Custom Index Systems LLC grew its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 13.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,247 shares of the construction company’s stock after buying an additional 727 shares during the quarter. Custom Index Systems LLC’s holdings in Toll Brothers were worth $787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp boosted its stake in Toll Brothers by 1.2% during the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after purchasing an additional 42,871 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Toll Brothers by 4.1% during the third quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock valued at $333,444,000 after buying an additional 84,652 shares during the last quarter. FMR LLC increased its holdings in Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares in the last quarter. Jennison Associates LLC raised its position in Toll Brothers by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock worth $136,614,000 after buying an additional 229,603 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in Toll Brothers during the 3rd quarter valued at about $111,562,000. Institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TOL shares. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Citigroup lowered their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 price objective on shares of Toll Brothers in a report on Thursday, December 12th. Finally, Bank of America lowered their target price on Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $156.00.

Toll Brothers Trading Down 3.4 %

Shares of NYSE:TOL opened at $135.88 on Friday. Toll Brothers, Inc. has a 12-month low of $97.45 and a 12-month high of $169.52. The company has a market cap of $13.59 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.74. The stock has a 50 day moving average of $138.41 and a 200 day moving average of $142.31. 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 (NYSE:TOL) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. During the same period in the prior year, the business posted $4.11 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. As a group, equities research analysts expect that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. Toll Brothers’s payout ratio is 6.12%.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock valued at $1,947,436 over the last 90 days. Company insiders own 1.54% of the company’s stock.

Toll Brothers 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.