KBC Group NV Purchases 2,250 Shares of Toll Brothers, Inc. (NYSE:TOL)

KBC Group NV boosted its position in shares of Toll Brothers, Inc. (NYSE:TOLFree Report) by 92.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,696 shares of the construction company’s stock after acquiring an additional 2,250 shares during the quarter. KBC Group NV’s holdings in Toll Brothers were worth $483,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in Toll Brothers during the fourth quarter valued at about $36,000. Baker Avenue Asset Management LP increased its holdings in Toll Brothers by 23.1% in the 3rd 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. GAMMA Investing LLC bought a new stake in Toll Brothers during the 4th quarter worth approximately $76,000. Northwest Financial Advisors purchased a new position in Toll Brothers during the fourth quarter valued at approximately $84,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Toll Brothers in the fourth quarter worth approximately $113,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Toll Brothers stock opened at $117.09 on Monday. The company’s 50-day moving average price is $122.05 and its 200-day moving average price is $110.87. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. The company has a market cap of $12.02 billion, a PE ratio of 8.00, a price-to-earnings-growth ratio of 0.95 and a beta of 1.66. Toll Brothers, Inc. has a twelve month low of $68.08 and a twelve month high of $135.37.

Toll Brothers (NYSE:TOLGet Free Report) last released its quarterly 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). The company had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.85 EPS. On average, equities research analysts forecast that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.79%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

Insiders Place Their Bets

In other news, Director Stephen F. East sold 1,500 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the sale, the director now 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 at this hyperlink. 1.54% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank of Canada raised their price objective on shares of Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Keefe, Bruyette & Woods boosted their price objective on Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a research report on Tuesday, June 4th. Citigroup increased their target price on Toll Brothers from $138.00 to $139.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th. The Goldman Sachs Group boosted their price target on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Finally, UBS Group increased their price objective on shares of Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $124.75.

Read Our Latest Analysis on TOL

About Toll Brothers

(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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