Van ECK Associates Corp Acquires 8,194 Shares of Toll Brothers, Inc. (NYSE:TOL)

Van ECK Associates Corp grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 38.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,642 shares of the construction company’s stock after purchasing an additional 8,194 shares during the period. Van ECK Associates Corp’s holdings in Toll Brothers were worth $3,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. SG Americas Securities LLC lifted its holdings in Toll Brothers by 82.1% during the 3rd quarter. SG Americas Securities LLC now owns 2,724 shares of the construction company’s stock valued at $201,000 after buying an additional 1,228 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Toll Brothers by 4.6% in the third quarter. Commonwealth Equity Services LLC now owns 40,802 shares of the construction company’s stock valued at $3,018,000 after purchasing an additional 1,780 shares during the period. Xponance Inc. boosted its holdings in shares of Toll Brothers by 2.4% in the third quarter. Xponance Inc. now owns 13,145 shares of the construction company’s stock valued at $972,000 after purchasing an additional 308 shares during the period. Raymond James & Associates grew its stake in Toll Brothers by 15.0% in the third quarter. Raymond James & Associates now owns 103,594 shares of the construction company’s stock worth $7,662,000 after purchasing an additional 13,519 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Toll Brothers by 117.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 59,829 shares of the construction company’s stock worth $4,425,000 after purchasing an additional 32,314 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $41,167,500.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the sale, the director now directly owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,500 shares of company stock valued at $7,881,930. Company insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $127.77 on Tuesday. Toll Brothers, Inc. has a fifty-two week low of $63.00 and a fifty-two week high of $130.63. The company has a market cap of $13.31 billion, a PE ratio of 9.87, a P/E/G ratio of 1.03 and a beta of 1.67. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The business has a 50-day simple moving average of $120.67 and a two-hundred day simple moving average of $103.05.

Toll Brothers (NYSE:TOL) last released 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. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same period last year, the business earned $1.70 EPS. Toll Brothers’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts expect that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.72%. The ex-dividend date was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s payout ratio is presently 7.11%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TOL shares. Oppenheimer increased their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Wells Fargo & Company raised their target price on shares of Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Barclays upped their price target on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research report on Monday, February 26th. Citigroup lifted their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. upped their target price on Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

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.