Sumitomo Mitsui Trust Holdings Inc. Acquires 1,440 Shares of Toll Brothers, Inc. (NYSE:TOL)

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 17.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 9,800 shares of the construction company’s stock after purchasing an additional 1,440 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Toll Brothers were worth $1,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its holdings in 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 purchasing an additional 230 shares during the last quarter. Castleview Partners LLC acquired a new position in Toll Brothers during the third quarter valued at approximately $37,000. Baker Avenue Asset Management LP grew its holdings in 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 purchasing an additional 127 shares during the last quarter. Fifth Third Bancorp grew its holdings in Toll Brothers by 26.1% during the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after purchasing an additional 156 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Toll Brothers by 6,183.3% during the fourth quarter. International Assets Investment Management LLC now owns 1,131 shares of the construction company’s stock valued at $116,000 after purchasing an additional 1,113 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Down 1.1 %

Shares of NYSE TOL opened at $117.34 on Friday. The stock has a market cap of $12.22 billion, a PE ratio of 9.07, a PEG ratio of 0.99 and a beta of 1.66. The business has a fifty day moving average of $118.59 and a two-hundred day moving average of $100.20. Toll Brothers, Inc. has a 52-week low of $61.17 and a 52-week high of $130.63. 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 issued its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The business’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business earned $1.70 earnings per share. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.78%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. Toll Brothers’s payout ratio is currently 7.11%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Barclays raised their price objective on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. raised their price objective on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Oppenheimer raised their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Finally, StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

Insider Activity at Toll Brothers

In related news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at $5,770,122.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. 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 ninety days. 1.54% of the stock is owned by insiders.

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.