Kane Investment Management Inc. Makes New $778,000 Investment in Toll Brothers, Inc. (NYSE:TOL)

Kane Investment Management Inc. purchased a new stake in Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 6,174 shares of the construction company’s stock, valued at approximately $778,000.

Several other large investors have also recently made changes to their positions in TOL. ORG Partners LLC purchased a new position in Toll Brothers in the fourth quarter valued at about $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers in the 4th quarter valued at about $27,000. Promus Capital LLC bought a new stake in shares of Toll Brothers in the 4th quarter valued at about $29,000. IAG Wealth Partners LLC raised its stake in shares of Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after acquiring an additional 238 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its stake in shares of Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after acquiring an additional 250 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TOL. Wells Fargo & Company cut their price target on shares of Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday. Wedbush restated an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Royal Bank of Canada decreased their price target on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Bank of America dropped their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, UBS Group decreased their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.79.

Toll Brothers Stock Up 0.5 %

TOL stock opened at $94.11 on Tuesday. The company has a market capitalization 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 firm’s fifty day simple moving average is $108.84 and its 200-day simple moving average is $131.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, equities research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

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

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the firm’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 sale, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.54% of the stock is currently owned by corporate insiders.

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.