Davis R M Inc. raised its position in Toll Brothers Inc (NYSE:TOL) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,482 shares of the construction company’s stock after buying an additional 2,768 shares during the quarter. Davis R M Inc.’s holdings in Toll Brothers were worth $7,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. St. Johns Investment Management Company LLC bought a new stake in shares of Toll Brothers during the 3rd quarter valued at $52,000. Sandy Spring Bank lifted its position in shares of Toll Brothers by 100.0% during the 3rd quarter. Sandy Spring Bank now owns 2,000 shares of the construction company’s stock valued at $82,000 after acquiring an additional 1,000 shares during the period. NEXT Financial Group Inc lifted its position in shares of Toll Brothers by 18.3% during the 4th quarter. NEXT Financial Group Inc now owns 2,756 shares of the construction company’s stock valued at $108,000 after acquiring an additional 427 shares during the period. Penserra Capital Management LLC lifted its position in shares of Toll Brothers by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 2,660 shares of the construction company’s stock valued at $109,000 after acquiring an additional 532 shares during the period. Finally, Cerebellum GP LLC bought a new stake in shares of Toll Brothers during the 3rd quarter valued at $120,000. 85.25% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently weighed in on TOL. ValuEngine upgraded Toll Brothers from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Goldman Sachs Group began coverage on Toll Brothers in a research report on Friday, December 6th. They set a “neutral” rating and a $42.00 target price for the company. Cfra upgraded Toll Brothers to a “hold” rating and set a $41.00 target price for the company in a research report on Tuesday, December 10th. Evercore ISI downgraded Toll Brothers from an “in-line” rating to an “underperform” rating and upped their target price for the company from $39.00 to $40.00 in a research report on Monday, January 6th. Finally, Raymond James upgraded Toll Brothers from a “market perform” rating to an “outperform” rating and upped their target price for the company from $1.00 to $45.00 in a research report on Wednesday, September 25th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. Toll Brothers presently has an average rating of “Hold” and a consensus target price of $39.00.

Toll Brothers stock traded up $0.98 during trading hours on Thursday, hitting $46.28. The stock had a trading volume of 111,784 shares, compared to its average volume of 1,954,018. The company has a quick ratio of 1.44, a current ratio of 7.06 and a debt-to-equity ratio of 0.77. The stock has a market cap of $6.23 billion, a price-to-earnings ratio of 11.46, a P/E/G ratio of 1.27 and a beta of 0.88. Toll Brothers Inc has a one year low of $33.52 and a one year high of $45.49. The business’s 50 day simple moving average is $40.95 and its 200-day simple moving average is $38.87.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 9th. The construction company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.29 by $0.12. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.19 billion. Toll Brothers had a return on equity of 11.83% and a net margin of 8.17%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the company earned $2.08 earnings per share. Research analysts anticipate that Toll Brothers Inc will post 3.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a $0.44 annualized dividend and a yield of 0.95%. Toll Brothers’s dividend payout ratio is presently 10.92%.

In other Toll Brothers news, Director Christine Garvey sold 16,954 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $40.76, for a total value of $691,045.04. Following the completion of the transaction, the director now directly owns 3,335 shares in the company, valued at $135,934.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.69% of the stock is currently owned by company insiders.

Toll Brothers Company Profile

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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

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