Oppenheimer & Co. Inc. Buys 9,285 Shares of Toll Brothers, Inc. (NYSE:TOL)

Oppenheimer & Co. Inc. lifted its position in shares of Toll Brothers, Inc. (NYSE:TOLFree Report) by 66.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,253 shares of the construction company’s stock after buying an additional 9,285 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Toll Brothers were worth $2,390,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Baker Avenue Asset Management LP raised its stake in Toll Brothers by 23.1% in 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 in the last quarter. Cannell & Co. raised its stake in Toll Brothers by 3.0% in the fourth quarter. Cannell & Co. now owns 6,850 shares of the construction company’s stock valued at $704,000 after purchasing an additional 200 shares in the last quarter. National Bank of Canada FI raised its stake in Toll Brothers by 0.5% in the fourth quarter. National Bank of Canada FI now owns 41,463 shares of the construction company’s stock valued at $4,177,000 after purchasing an additional 221 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Toll Brothers by 2.1% in the third quarter. Tower Research Capital LLC TRC now owns 12,207 shares of the construction company’s stock valued at $903,000 after purchasing an additional 250 shares in the last quarter. Finally, Martin Capital Advisors LLP raised its stake in Toll Brothers by 8.9% in the fourth quarter. Martin Capital Advisors LLP now owns 3,056 shares of the construction company’s stock valued at $314,000 after purchasing an additional 251 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL stock opened at $117.09 on Friday. The business’s 50 day simple moving average is $122.05 and its 200 day simple moving average is $110.69. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $135.37. The stock has a market capitalization of $12.02 billion, a PE ratio of 8.00, a PEG ratio of 0.95 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.59 and a quick ratio of 0.69.

Toll Brothers (NYSE:TOLGet Free Report) last announced its earnings results on Tuesday, May 21st. The construction company reported $3.38 EPS for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the company earned $2.85 earnings per share. The business’s revenue was up 13.2% on a year-over-year basis. As a group, research analysts forecast that Toll Brothers, Inc. will post 12.94 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. Shareholders of record on Friday, April 5th were paid a $0.23 dividend. The ex-dividend date was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.79%. Toll Brothers’s payout ratio is 6.28%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TOL. Wells Fargo & Company boosted their price target on Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Oppenheimer lifted their target price on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research report on Thursday, March 21st. Argus lifted their target price on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, February 23rd. Finally, The Goldman Sachs Group lifted their target price on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $124.75.

Read Our Latest Stock Report on Toll Brothers

Toll Brothers Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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