HighTower Advisors LLC Grows Holdings in Toll Brothers, Inc. (NYSE:TOL)

HighTower Advisors LLC raised its position in Toll Brothers, Inc. (NYSE:TOL – Get Rating) by 376.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,201 shares of the construction company’s stock after buying an additional 27,022 shares during the period. HighTower Advisors LLC’s holdings in Toll Brothers were worth $1,694,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of TOL. Balyasny Asset Management LLC boosted its holdings in Toll Brothers by 11,994.2% in the third quarter. Balyasny Asset Management LLC now owns 1,057,878 shares of the construction company’s stock valued at $44,430,000 after purchasing an additional 1,049,131 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Toll Brothers by 9.1% in the first quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock worth $546,551,000 after buying an additional 968,528 shares during the last quarter. Ceredex Value Advisors LLC grew its holdings in Toll Brothers by 106.1% during the 3rd quarter. Ceredex Value Advisors LLC now owns 1,665,339 shares of the construction company’s stock worth $69,944,000 after acquiring an additional 857,481 shares in the last quarter. Prudential Financial Inc. increased its position in shares of Toll Brothers by 164.7% in the 1st quarter. Prudential Financial Inc. now owns 1,274,947 shares of the construction company’s stock worth $59,949,000 after purchasing an additional 793,239 shares during the last quarter. Finally, Arete Wealth Advisors LLC acquired a new stake in shares of Toll Brothers in the 4th quarter valued at about $1,804,396,590,000. 82.74% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Trading Up 4.7 %

Shares of TOL stock opened at $68.13 on Friday. Toll Brothers, Inc. has a 1 year low of $39.53 and a 1 year high of $69.22. The firm has a market capitalization of $7.54 billion, a PE ratio of 5.44, a price-to-earnings-growth ratio of 0.68 and a beta of 1.38. The stock has a fifty day moving average of $61.52 and a two-hundred day moving average of $56.14. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.78 and a current ratio of 5.14.

Toll Brothers (NYSE:TOL – Get Rating) last posted its quarterly earnings data on Wednesday, May 24th. The construction company reported $2.85 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.96. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.07 billion. Toll Brothers had a net margin of 13.59% and a return on equity of 21.75%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 earnings per share. As a group, research analysts expect that Toll Brothers, Inc. will post 8.66 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were issued a $0.21 dividend. The ex-dividend date of this dividend was Wednesday, April 5th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 1.23%. Toll Brothers’s dividend payout ratio (DPR) is 6.70%.

Analysts Set New Price Targets

TOL has been the topic of a number of research analyst reports. Credit Suisse Group increased their target price on Toll Brothers from $63.00 to $73.00 in a report on Wednesday. Zelman & Associates upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada upgraded shares of Toll Brothers from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $55.00 to $77.00 in a research report on Thursday. Oppenheimer raised their target price on shares of Toll Brothers from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, February 24th. Finally, Raymond James upped their target price on Toll Brothers from $61.00 to $67.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $63.50.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 2,980 shares of the company’s stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $60.13, for a total value of $179,187.40. Following the completion of the sale, the director now directly owns 8,284 shares in the company, valued at $498,116.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $58.69, for a total value of $586,900.00. Following the transaction, the director now owns 65,066 shares of the company’s stock, valued at approximately $3,818,723.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Garvey sold 2,980 shares of the business’s stock in a transaction that occurred on Wednesday, April 12th. The stock was sold at an average price of $60.13, for a total transaction of $179,187.40. Following the completion of the sale, the director now owns 8,284 shares in the company, valued at $498,116.92. The disclosure for this sale can be found here. Insiders have sold 13,105 shares of company stock worth $773,444 over the last quarter. 1.79% of the stock is currently owned by company insiders.

Toll Brothers Profile

(Get Rating)

Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.