Jones Financial Companies Lllp Raises Stake in Toll Brothers, Inc. (NYSE:TOL)

Jones Financial Companies Lllp lifted its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 66.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,290 shares of the construction company’s stock after buying an additional 2,116 shares during the quarter. Jones Financial Companies Lllp’s holdings in Toll Brothers were worth $666,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. State Street Corp lifted its position in shares of Toll Brothers by 1.2% during the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after buying an additional 42,871 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Toll Brothers by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after buying an additional 84,652 shares during the last quarter. FMR LLC increased its holdings in shares of Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after acquiring an additional 1,046,758 shares during the period. Jennison Associates LLC increased its holdings in shares of Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after acquiring an additional 341,980 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Toll Brothers in the 3rd quarter valued at $111,562,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Evercore ISI lifted their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Keefe, Bruyette & Woods cut their target price on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Royal Bank of Canada cut their target price on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Oppenheimer cut their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $109.40 on Monday. The firm has a market capitalization of $10.88 billion, a P/E ratio of 7.53, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a one year low of $105.73 and a one year high of $169.52. The company’s fifty day moving average is $125.14 and its two-hundred day moving average is $140.11. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.84%. Toll Brothers’s dividend payout ratio is presently 6.33%.

Insider Buying and Selling

In related news, Director Paul E. Shapiro sold 3,837 shares of the business’s 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 sale, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,622 shares of company stock worth $1,993,880 in the last three months. Corporate insiders own 1.54% of the company’s stock.

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.