DekaBank Deutsche Girozentrale Grows Position in Toll Brothers, Inc. (NYSE:TOL)

DekaBank Deutsche Girozentrale lifted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 191.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 8,103 shares of the construction company’s stock after acquiring an additional 5,327 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Toll Brothers were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of TOL. First Capital Advisors Group LLC. purchased a new stake in shares of Toll Brothers during the second quarter valued at $36,000. IFP Advisors Inc boosted its position in shares of Toll Brothers by 87.1% during the third quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock valued at $37,000 after buying an additional 230 shares during the last quarter. Castleview Partners LLC purchased a new stake in shares of Toll Brothers during the third quarter valued at $37,000. Dark Forest Capital Management LP purchased a new stake in shares of Toll Brothers during the first quarter valued at $38,000. Finally, Baker Avenue Asset Management LP boosted its position in shares of Toll Brothers by 23.1% during the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after buying an additional 127 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent research reports. Wedbush reissued a “neutral” rating and issued a $87.00 target price on shares of Toll Brothers in a report on Wednesday, February 21st. Citigroup increased their target price on Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Barclays increased their target price on Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a report on Monday, February 26th. Keefe, Bruyette & Woods increased their target price on Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. Finally, Oppenheimer increased their target price on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $113.80.

Toll Brothers Stock Down 0.1 %

Shares of TOL opened at $120.22 on Monday. The business’s 50 day moving average is $116.00 and its 200 day moving average is $97.85. The company has a market capitalization of $12.52 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66. Toll Brothers, Inc. has a 12-month low of $58.99 and a 12-month high of $130.63. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last issued its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.48. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $1.70 EPS. Research analysts expect that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio (DPR) is 7.11%.

Insider Activity at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, the director now owns 34,069 shares in the company, valued at approximately $4,020,823.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,000 shares of company stock valued at $7,702,950. 1.54% of the stock is owned by company insiders.

Toll Brothers 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.