Jackson Hill Advisors LLC Has $11.97 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Jackson Hill Advisors LLC increased its position in Toll Brothers, Inc. (NYSE:TOL) by 9.8% in the 4th quarter, HoldingsChannel reports. The fund owned 95,000 shares of the construction company’s stock after buying an additional 8,500 shares during the quarter. Toll Brothers makes up about 6.0% of Jackson Hill Advisors LLC’s holdings, making the stock its 10th largest holding. Jackson Hill Advisors LLC’s holdings in Toll Brothers were worth $11,965,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TOL. Brooklyn Investment Group bought a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC lifted its stake in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. ORG Partners LLC bought a new position in shares of Toll Brothers in the fourth quarter worth about $25,000. Lee Danner & Bass Inc. bought a new position in Toll Brothers in the 4th quarter worth about $27,000. Finally, Promus Capital LLC bought a new stake in Toll Brothers during the 4th quarter valued at $29,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TOL. UBS Group lowered their target price on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Royal Bank of Canada lowered their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Wedbush reiterated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research report on Friday, February 14th. Bank of America reduced their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Oppenheimer lowered their price target on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on 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 transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,785 shares of company stock valued at $1,479,185. Company insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $105.94 on Friday. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 7.29, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a twelve month low of $102.49 and a twelve month high of $169.52. The business has a 50 day simple moving average of $121.21 and a 200-day simple moving average of $137.51. The company has a current ratio of 4.65, a quick ratio of 0.80 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 analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, equities research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, April 11th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is presently 6.88%.

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.