Daiwa Securities Group Inc. Takes $113,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Daiwa Securities Group Inc. bought a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,100 shares of the construction company’s stock, valued at approximately $113,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Voss Capital LLC bought a new position in Toll Brothers in the 4th quarter worth approximately $8,223,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Toll Brothers by 87.8% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock worth $2,687,000 after buying an additional 16,993 shares during the period. Natixis Advisors L.P. boosted its holdings in Toll Brothers by 21.6% in the 3rd quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company’s stock worth $993,000 after buying an additional 2,386 shares during the period. Northern Trust Corp boosted its holdings in Toll Brothers by 7.1% in the 3rd quarter. Northern Trust Corp now owns 886,817 shares of the construction company’s stock worth $65,589,000 after buying an additional 58,448 shares during the period. Finally, FCF Advisors LLC bought a new position in Toll Brothers in the 4th quarter worth approximately $979,000. 91.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TOL has been the subject of several analyst reports. Oppenheimer raised their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. The Goldman Sachs Group raised their price target on shares of Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a report on Thursday, February 22nd. Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target for the company in a report on Monday, January 8th. Wells Fargo & Company raised their price target on shares of Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Finally, Seaport Res Ptn downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now owns 49,721 shares in the company, valued at approximately $5,770,122.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Insiders have sold a total of 66,500 shares of company stock worth $7,881,930 in the last 90 days. 1.54% of the stock is owned by company insiders.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $120.22 on Friday. The stock has a market cap of $12.52 billion, a PE ratio of 9.29, a PEG ratio of 1.00 and a beta of 1.66. The company’s fifty day moving average is $118.95 and its 200 day moving average is $100.72. Toll Brothers, Inc. has a 52 week low of $61.70 and a 52 week high of $130.63. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last issued its earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The company had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 EPS. Research analysts anticipate that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio (DPR) is presently 7.11%.

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.