Stratos Wealth Partners LTD. Buys New Position in Toll Brothers, Inc. (NYSE:TOL)

Stratos Wealth Partners LTD. bought a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,348 shares of the construction company’s stock, valued at approximately $241,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Baker Avenue Asset Management LP raised its stake in Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares during the last quarter. Nilsine Partners LLC grew its holdings in Toll Brothers by 0.8% in the 3rd quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock valued at $1,297,000 after buying an additional 146 shares during the period. Fifth Third Bancorp grew its holdings in Toll Brothers by 26.1% in the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after buying an additional 156 shares during the period. First Trust Direct Indexing L.P. grew its holdings in Toll Brothers by 4.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company’s stock valued at $302,000 after buying an additional 161 shares during the period. Finally, Inspire Investing LLC grew its holdings in Toll Brothers by 4.1% in the 3rd quarter. Inspire Investing LLC now owns 4,141 shares of the construction company’s stock valued at $306,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TOL. Oppenheimer lifted their price target on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Wedbush restated a “neutral” rating and issued a $87.00 price target on shares of Toll Brothers in a report on Wednesday, February 21st. Citigroup boosted their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Keefe, Bruyette & Woods boosted their target price on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Finally, Wolfe Research upgraded Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 target price for the company in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $113.80.

Toll Brothers Trading Down 2.0 %

NYSE:TOL opened at $117.86 on Tuesday. Toll Brothers, Inc. has a 1 year low of $59.46 and a 1 year high of $130.63. The stock has a market cap of $12.28 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.00 and a beta of 1.66. The business has a fifty day moving average of $116.38 and a 200-day moving average of $98.15. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the business posted $1.70 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts predict that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.92 annualized dividend and a yield of 0.78%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio (DPR) is currently 7.11%.

Insider Activity at Toll Brothers

In other news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at $41,167,500.70. The disclosure for this sale can be found here. Insiders sold 66,500 shares of company stock valued at $7,881,930 over the last 90 days. 1.54% of the stock is currently owned by corporate insiders.

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.