Toll Brothers, Inc. (NYSE:TOL) Position Boosted by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,296 shares of the construction company’s stock after purchasing an additional 325 shares during the period. Sovereign Financial Group Inc.’s holdings in Toll Brothers were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in TOL. FMR LLC grew its stake in Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after purchasing an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at about $111,562,000. Pacer Advisors Inc. grew its stake in shares of Toll Brothers by 34.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after buying an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after buying an additional 431,160 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Toll Brothers during the third quarter valued at approximately $38,985,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, 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 value of $25,659.12. Following the completion of 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 SEC, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers 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 sale, the chief financial officer now owns 20,618 shares in the company, valued at approximately $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. In the last quarter, insiders sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Trading Up 2.5 %

Shares of Toll Brothers stock opened at $134.14 on Thursday. The company has a market cap of $13.42 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 1.00 and a beta of 1.74. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The company’s fifty day simple moving average is $142.11 and its 200-day simple moving average is $140.75. The company has a current ratio of 4.92, a quick ratio of 0.57 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 (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $4.11 EPS. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 14.57 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.69%. Toll Brothers’s dividend payout ratio (DPR) is 6.12%.

Wall Street Analysts Forecast Growth

TOL has been the topic of several analyst reports. Wells Fargo & Company increased their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Citigroup lowered their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. UBS Group reduced their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Bank of America increased their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $158.07.

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.