First Trust Direct Indexing L.P. Raises Position in Toll Brothers, Inc. (NYSE:TOL)

First Trust Direct Indexing L.P. increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 6.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,358 shares of the construction company’s stock after purchasing an additional 274 shares during the period. First Trust Direct Indexing L.P.’s holdings in Toll Brothers were worth $448,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of Toll Brothers by 105.7% during the third quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock worth $111,216,000 after acquiring an additional 772,849 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Toll Brothers in the 3rd quarter worth approximately $48,457,000. Acadian Asset Management LLC grew its position in Toll Brothers by 26.9% during the 3rd quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company’s stock worth $110,294,000 after purchasing an additional 316,100 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Toll Brothers by 157.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 509,177 shares of the construction company’s stock valued at $37,659,000 after purchasing an additional 311,092 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Toll Brothers by 41.2% in the fourth quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock worth $85,819,000 after buying an additional 243,553 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were 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 in the company, valued at $5,770,122.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO Martin P. Connor sold 5,000 shares of the 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now directly owns 34,069 shares in the company, valued at approximately $4,020,823.38. The disclosure for this sale can be found here. Insiders sold a total of 66,500 shares of company stock worth $7,881,930 in the last three months. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Up 2.0 %

Shares of TOL opened at $123.63 on Monday. The stock has a 50 day moving average price of $120.36 and a 200 day moving average price of $102.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 1.03 and a beta of 1.67. Toll Brothers, Inc. has a one year low of $62.26 and a one year high of $130.63.

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

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.23 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s payout ratio is 7.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a report on Monday, January 8th. Wedbush restated a “neutral” rating and issued a $87.00 price objective on shares of Toll Brothers in a research note on Wednesday, February 21st. Seaport Res Ptn downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Keefe, Bruyette & Woods increased their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Finally, Citigroup lifted their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 5th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.80.

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.