New Age Alpha Advisors LLC Buys Shares of 22,100 Toll Brothers, Inc. (NYSE:TOL)

New Age Alpha Advisors LLC purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 22,100 shares of the construction company’s stock, valued at approximately $2,783,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in Toll Brothers in the fourth quarter valued at about $149,924,000. Blair William & Co. IL raised its holdings in Toll Brothers by 53.7% during the 4th quarter. Blair William & Co. IL now owns 29,009 shares of the construction company’s stock worth $3,654,000 after buying an additional 10,140 shares during the period. Caisse Des Depots ET Consignations bought a new position in Toll Brothers in the fourth quarter valued at approximately $1,053,000. TIAA Trust National Association boosted its holdings in shares of Toll Brothers by 1.0% in the fourth quarter. TIAA Trust National Association now owns 54,406 shares of the construction company’s stock valued at $6,852,000 after buying an additional 519 shares during the period. Finally, Jackson Hill Advisors LLC increased its position in shares of Toll Brothers by 9.8% during the fourth quarter. Jackson Hill Advisors LLC now owns 95,000 shares of the construction company’s stock worth $11,965,000 after acquiring an additional 8,500 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the transaction, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,764 shares of company stock worth $1,476,523 over the last ninety days. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Down 3.4 %

Shares of TOL stock opened at $105.15 on Friday. Toll Brothers, Inc. has a 52-week low of $102.49 and a 52-week high of $169.52. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 1.02 and a beta of 1.77. The firm’s 50-day moving average is $118.90 and its 200-day moving average is $136.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Sell-side analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. Toll Brothers’s payout ratio is 6.88%.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research analyst reports. 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 research note on Thursday, February 20th. Bank of America reduced their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, StockNews.com downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a report on Friday. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $147.57.

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.