US Bancorp DE Increases Position in Toll Brothers, Inc. (NYSE:TOL)

US Bancorp DE boosted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 51.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,462 shares of the construction company’s stock after purchasing an additional 1,847 shares during the period. US Bancorp DE’s holdings in Toll Brothers were worth $688,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in 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. raised its position in shares of 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 acquiring an additional 9,195 shares in the last quarter. World Investment Advisors LLC purchased a new position in Toll Brothers during the third quarter valued at $12,506,000. Chartwell Investment Partners LLC boosted its holdings 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 valued at $5,453,000 after buying an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after buying an additional 3,328 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TOL shares. StockNews.com upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a report on Tuesday. Bank of America lowered their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company decreased their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada lowered their target price on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Activity

In related news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction that occurred 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 directly owns 7,728 shares of the company’s stock, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,622 shares of company stock worth $1,993,880. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Performance

NYSE TOL opened at $107.08 on Tuesday. The firm has a market cap of $10.65 billion, a price-to-earnings ratio of 7.37, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The business has a 50-day moving average price of $124.76 and a 200-day moving average price of $139.87. Toll Brothers, Inc. has a twelve month low of $105.73 and a twelve month high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last announced its quarterly 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). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate 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 predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a $0.23 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.86%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

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.