Park Avenue Securities LLC Acquires 146 Shares of Toll Brothers, Inc. (NYSE:TOL)

Park Avenue Securities LLC increased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 7.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,147 shares of the construction company’s stock after acquiring an additional 146 shares during the quarter. Park Avenue Securities LLC’s holdings in Toll Brothers were worth $270,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TOL. Capital Performance Advisors LLP acquired a new stake in Toll Brothers in the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC raised its stake in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. ORG Partners LLC acquired a new position in Toll Brothers in the 4th quarter valued at $25,000. Finally, UMB Bank n.a. grew its stake in Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after buying an additional 207 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TOL. Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Wednesday, December 11th. UBS Group decreased their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada lifted their price target 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. Oppenheimer restated an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a report on Thursday, December 12th. Finally, Barclays reduced their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $156.64.

Insider Activity at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock worth $1,947,436 in the last ninety days. 1.54% of the stock is owned by company insiders.

Toll Brothers Price Performance

Toll Brothers stock opened at $135.04 on Friday. Toll Brothers, Inc. has a one year low of $96.33 and a one year high of $169.52. The business has a fifty day moving average price of $139.51 and a 200-day moving average price of $141.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The firm has a market capitalization of $13.51 billion, a P/E ratio of 8.98, a PEG ratio of 1.04 and a beta of 1.74.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the company posted $4.11 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts forecast that Toll Brothers, Inc. will post 14.25 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, January 10th. Toll Brothers’s payout ratio is presently 6.12%.

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.