International Assets Investment Management LLC Grows Position in Toll Brothers, Inc. (NYSE:TOL)

International Assets Investment Management LLC raised its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 6,183.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,131 shares of the construction company’s stock after acquiring an additional 1,113 shares during the quarter. International Assets Investment Management LLC’s holdings in Toll Brothers were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. IFP Advisors Inc lifted its holdings in shares of Toll Brothers by 87.1% in the third quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after buying an additional 230 shares in the last quarter. Castleview Partners LLC bought a new position in shares of Toll Brothers in the third quarter worth approximately $37,000. Baker Avenue Asset Management LP grew its holdings in shares of Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after purchasing an additional 127 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Toll Brothers by 26.1% in the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after purchasing an additional 156 shares during the last quarter. Finally, Western Pacific Wealth Management LP lifted its position in shares of Toll Brothers by 103.3% in the 3rd quarter. Western Pacific Wealth Management LP now owns 1,220 shares of the construction company’s stock worth $90,000 after purchasing an additional 620 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction on 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 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. Insiders sold 66,500 shares of company stock worth $7,881,930 in the last three months. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 1.2 %

TOL opened at $121.61 on Tuesday. The firm’s 50 day simple moving average is $119.34 and its two-hundred day simple moving average is $101.25. The company has a market capitalization of $12.67 billion, a PE ratio of 9.40, a PEG ratio of 1.00 and a beta of 1.66. Toll Brothers, Inc. has a 1-year low of $61.70 and a 1-year 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 posted its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.77 by $0.48. The firm had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. Toll Brothers’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 EPS. As a group, equities analysts forecast that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.76%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. Toll Brothers’s dividend payout ratio is 7.11%.

Analyst Ratings Changes

A number of research analysts recently issued reports on TOL shares. Seaport Res Ptn cut shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Wedbush reissued a “neutral” rating and set a $87.00 price target on shares of Toll Brothers in a research report on Wednesday, February 21st. Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target for the company in a research report on Monday, January 8th. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Finally, Citigroup lifted their target price on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.80.

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.