Toll Brothers, Inc. (NYSE:TOL) Stock Position Lifted by Hilltop National Bank

Hilltop National Bank raised its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,439 shares of the construction company’s stock after buying an additional 229 shares during the period. Hilltop National Bank’s holdings in Toll Brothers were worth $937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Franklin Resources Inc. increased its position in Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after purchasing an additional 9,195 shares during the last quarter. World Investment Advisors LLC acquired a new position in Toll Brothers in the third quarter worth approximately $12,506,000. Chartwell Investment Partners LLC raised its position in Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after acquiring an additional 14,092 shares in the last quarter. Avior Wealth Management LLC lifted its stake in Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after acquiring an additional 3,328 shares during the last quarter. Finally, MML Investors Services LLC grew its position in Toll Brothers by 22.4% in the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock worth $3,554,000 after acquiring an additional 4,209 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,202 shares of company stock valued at $5,903,186. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

Toll Brothers stock traded down $2.85 during trading hours on Friday, hitting $123.95. The stock had a trading volume of 415,044 shares, compared to its average volume of 1,081,945. The company has a market cap of $12.40 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74. Toll Brothers, Inc. has a fifty-two week low of $95.46 and a fifty-two week high of $169.52. The company has a 50-day moving average of $143.81 and a two-hundred day moving average of $140.23. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. During the same period last year, the firm earned $4.11 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 14.57 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.74%. Toll Brothers’s dividend payout ratio is currently 6.12%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. UBS Group cut their price objective on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research note on Wednesday. Oppenheimer restated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $158.07.

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.