Everence Capital Management Inc. Makes New Investment in Toll Brothers, Inc. (NYSE:TOL)

Everence Capital Management Inc. acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,290 shares of the construction company’s stock, valued at approximately $288,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in Toll Brothers by 5.4% in the third 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 acquired a new position in shares of Toll Brothers during the third quarter worth approximately $12,506,000. Chartwell Investment Partners LLC lifted its holdings in shares of Toll Brothers by 66.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after purchasing an additional 14,092 shares in the last quarter. Avior Wealth Management LLC grew its position in 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 valued at $525,000 after purchasing an additional 3,328 shares during the period. Finally, MML Investors Services LLC increased its stake in Toll Brothers by 22.4% during the 3rd quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock valued at $3,554,000 after purchasing an additional 4,209 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Down 1.8 %

NYSE:TOL opened at $123.84 on Wednesday. Toll Brothers, Inc. has a 12 month low of $95.46 and a 12 month high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.57 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $145.10 and its 200 day moving average is $140.37. The stock has a market capitalization of $12.39 billion, a PE ratio of 8.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.11 earnings per share. Sell-side analysts expect that Toll Brothers, Inc. will post 14.57 earnings per share for the current year.

Toll Brothers Announces Dividend

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

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Garvey sold 204 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,202 shares of company stock worth $5,903,186 over the last quarter. Corporate insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

TOL has been the subject of a number of analyst reports. Wedbush reiterated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th. Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Royal Bank of Canada raised their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. 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. Finally, Oppenheimer restated an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $153.33.

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.