Private Advisor Group LLC Purchases 10,688 Shares of Toll Brothers, Inc. (NYSE:TOL)

Private Advisor Group LLC lifted its position in Toll Brothers, Inc. (NYSE:TOL) by 37.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,110 shares of the construction company’s stock after buying an additional 10,688 shares during the period. Private Advisor Group LLC’s holdings in Toll Brothers were worth $4,926,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Larson Financial Group LLC raised its holdings in shares of Toll Brothers by 57.9% during 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 last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares during the last quarter. Nilsine Partners LLC raised its holdings in shares of Toll Brothers by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 88 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Toll Brothers by 15.1% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after purchasing an additional 92 shares during the last quarter. Finally, CIBC Asset Management Inc raised its holdings in shares of Toll Brothers by 3.7% during the third quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock valued at $472,000 after purchasing an additional 109 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on 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 in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The shares were 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $111.45 on Friday. The firm has a fifty day moving average price of $128.57 and a 200-day moving average price of $141.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock has a market cap of $11.13 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. Toll Brothers, Inc. has a 1 year low of $107.79 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Equities analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.83%. Toll Brothers’s dividend payout ratio is 6.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Evercore ISI boosted their price objective 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. UBS Group reduced their target price on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a report on Thursday. Oppenheimer reduced their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.86.

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.