Cambridge Investment Research Advisors Inc. Increases Stock Position in Toll Brothers Inc. (NYSE:TOL)

Cambridge Investment Research Advisors Inc. grew its stake in Toll Brothers Inc. (NYSE:TOL) by 16.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,411 shares of the construction company’s stock after acquiring an additional 1,582 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Toll Brothers were worth $1,205,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in TOL. Smartleaf Asset Management LLC boosted its position in shares of Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after purchasing an additional 75 shares during the period. Insigneo Advisory Services LLC lifted its stake in Toll Brothers by 4.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock worth $251,000 after purchasing an additional 89 shares in the last quarter. Peapack Gladstone Financial Corp boosted its position in shares of Toll Brothers by 5.9% during the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock worth $227,000 after buying an additional 100 shares during the period. NewEdge Advisors LLC grew its stake in shares of Toll Brothers by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock valued at $762,000 after buying an additional 100 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Toll Brothers by 46.6% in the 4th quarter. Bessemer Group Inc. now owns 327 shares of the construction company’s stock valued at $41,000 after buying an additional 104 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

Shares of TOL opened at $116.95 on Friday. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. The firm’s fifty day simple moving average is $107.50 and its 200-day simple moving average is $112.95. The firm has a market capitalization of $11.48 billion, a price-to-earnings ratio of 8.68, a PEG ratio of 1.23 and a beta of 1.36. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. Toll Brothers’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm earned $3.38 earnings per share. Equities analysts forecast that Toll Brothers Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, July 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.42%.

Analysts Set New Price Targets

TOL has been the subject of a number of research analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $130.00 target price (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Royal Bank Of Canada lowered their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. Wells Fargo & Company upped their target price on shares of Toll Brothers from $125.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday, June 27th. UBS Group reiterated a “buy” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Barclays restated an “underweight” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $141.46.

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.