Summit Investment Advisors Inc. Has $2.55 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Summit Investment Advisors Inc. trimmed its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,224 shares of the construction company’s stock after selling 836 shares during the period. Summit Investment Advisors Inc.’s holdings in Toll Brothers were worth $2,547,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TOL. Smartleaf Asset Management LLC raised its holdings in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after buying an additional 75 shares during the last quarter. Nilsine Partners LLC grew its holdings in shares of Toll Brothers by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after buying an additional 88 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Toll Brothers by 15.1% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock worth $88,000 after acquiring an additional 92 shares in the last quarter. Peapack Gladstone Financial Corp raised its holdings in shares of Toll Brothers by 5.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock worth $227,000 after acquiring an additional 100 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in 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 acquiring an additional 104 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Performance

NYSE TOL opened at $94.11 on Tuesday. The company’s 50 day moving average is $108.84 and its 200-day moving average is $131.66. The firm has a market cap of $9.40 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last posted its 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 return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Sell-side analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 1.06%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is currently 6.88%.

Insider Activity

In related news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Citigroup lowered their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company dropped their price objective on Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a research note on Monday. The Goldman Sachs Group reduced their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. StockNews.com raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a research report on Saturday, April 5th. Finally, Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $144.79.

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.