Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC raised its position in Toll Brothers, Inc. (NYSE:TOL) by 395.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,290 shares of the construction company’s stock after buying an additional 12,207 shares during the period. Ieq Capital LLC’s holdings in Toll Brothers were worth $1,926,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Private Advisor Group LLC grew its position in shares of Toll Brothers by 37.6% in the fourth quarter. Private Advisor Group LLC now owns 39,110 shares of the construction company’s stock valued at $4,926,000 after purchasing an additional 10,688 shares during the period. Lyell Wealth Management LP boosted its stake in Toll Brothers by 682.6% during the 4th quarter. Lyell Wealth Management LP now owns 47,349 shares of the construction company’s stock worth $5,964,000 after purchasing an additional 41,299 shares during the last quarter. Atria Wealth Solutions Inc. grew its holdings in shares of Toll Brothers by 66.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 7,950 shares of the construction company’s stock worth $1,001,000 after buying an additional 3,164 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Toll Brothers by 47.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,028 shares of the construction company’s stock valued at $129,000 after acquiring an additional 332 shares in the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Toll Brothers by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 3,223 shares of the construction company’s stock valued at $406,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction on 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 owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction 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 in the company, valued at $2,599,311.26. The trade was 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 15,202 shares of company stock worth $1,947,436 over the last three months. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Performance

Shares of TOL stock opened at $111.45 on Monday. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.02 and a beta of 1.76. 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, Inc. has a 1 year low of $107.79 and a 1 year high of $169.52. The stock’s 50-day moving average is $128.57 and its two-hundred day moving average is $141.49.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results 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). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio is presently 6.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TOL shares. Royal Bank of Canada dropped their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday. Citigroup dropped their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Evercore ISI boosted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Bank of America reduced their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. One investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.86.

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.