Bank OZK Purchases 710 Shares of Toll Brothers, Inc. (NYSE:TOL)

Bank OZK grew its position in Toll Brothers, Inc. (NYSE:TOL) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,934 shares of the construction company’s stock after purchasing an additional 710 shares during the quarter. Bank OZK’s holdings in Toll Brothers were worth $1,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc boosted its position 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 purchasing an additional 230 shares during the period. Castleview Partners LLC bought a new position in shares of Toll Brothers during the third quarter worth $37,000. Baker Avenue Asset Management LP boosted its position 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 during the last quarter. Fifth Third Bancorp boosted its position 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 during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Toll Brothers during the fourth quarter worth $76,000. 91.76% of the stock is currently owned by institutional investors.

Insider Transactions at Toll Brothers

In other news, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were 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 in the company, valued at $1,120,295.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, 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 worth $7,881,930. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 2.4 %

TOL stock traded up $2.86 during mid-day trading on Friday, reaching $120.22. 735,437 shares of the stock traded hands, compared to its average volume of 1,083,275. The business has a 50-day moving average price of $118.95 and a two-hundred day moving average price of $100.54. 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 $12.52 billion, a PE ratio of 9.29, a PEG ratio of 0.98 and a beta of 1.66. Toll Brothers, Inc. has a one year low of $61.70 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 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The firm had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. Equities research analysts expect that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were issued a $0.23 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.77%. Toll Brothers’s dividend payout ratio is presently 7.11%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group upped their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research report on Thursday, February 22nd. Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a research note on Monday, January 8th. StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Tuesday, April 16th. Citigroup upped their target price on shares of Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, Oppenheimer lifted their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price 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.