Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by TCW Group Inc.

TCW Group Inc. boosted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 0.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 78,115 shares of the construction company’s stock after purchasing an additional 141 shares during the quarter. TCW Group Inc.’s holdings in Toll Brothers were worth $9,839,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fiduciary Alliance LLC bought a new stake in shares of Toll Brothers in the 4th quarter worth approximately $1,117,000. Franklin Resources Inc. increased its holdings in shares of Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after buying an additional 9,195 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Toll Brothers during the 3rd quarter valued at $12,506,000. Chartwell Investment Partners LLC boosted its stake in shares of Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after acquiring an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its stake in shares of Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after acquiring an additional 3,328 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Trading Down 3.2 %

NYSE TOL opened at $111.45 on Monday. 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, Inc. has a 1-year low of $107.79 and a 1-year high of $169.52. The firm’s fifty day simple moving average is $128.57 and its 200-day simple moving average is $141.49. The company has a market capitalization of $11.13 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 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 during the quarter, compared to analysts’ expectations of $1.91 billion. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.83%. The ex-dividend date was Friday, January 10th. Toll Brothers’s payout ratio is presently 6.33%.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock worth $1,947,436 over the last ninety days. 1.54% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TOL shares. Wells Fargo & Company reduced their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Barclays decreased their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Bank of America cut their price target on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Oppenheimer decreased their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research note on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $150.86.

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.