Toll Brothers, Inc. (NYSE:TOL) Stake Increased by New York Life Investment Management LLC

New York Life Investment Management LLC grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 6.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,342 shares of the construction company’s stock after purchasing an additional 796 shares during the period. New York Life Investment Management LLC’s holdings in Toll Brothers were worth $1,269,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Castleview Partners LLC purchased a new stake in shares of Toll Brothers in the third quarter valued at $37,000. Baker Avenue Asset Management LP raised its holdings 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 worth $50,000 after acquiring an additional 127 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Toll Brothers by 26.1% during the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after acquiring an additional 156 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Toll Brothers during the fourth quarter worth $76,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Toll Brothers during the fourth quarter worth $113,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity

In related news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction dated 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 sale, the director now directly owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.02, for a total value of $1,180,200.00. Following the sale, the director now directly owns 34,069 shares in the company, valued at $4,020,823.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TOL. Wedbush reiterated a “neutral” rating and set a $87.00 price objective on shares of Toll Brothers in a report on Wednesday, February 21st. Oppenheimer increased their price objective on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Citigroup increased their price objective 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 increased their price objective on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Finally, Seaport Res Ptn downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

Toll Brothers Trading Down 1.0 %

Shares of NYSE:TOL opened at $126.43 on Wednesday. The company has a market cap of $13.17 billion, a P/E ratio of 9.77, a P/E/G ratio of 1.03 and a beta of 1.67. The stock’s 50-day moving average is $120.97 and its 200-day moving average is $103.46. Toll Brothers, Inc. has a 52-week low of $63.00 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 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 revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $1.70 earnings per share. Equities research analysts predict that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a $0.23 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, April 4th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.11%.

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.