Martin Capital Advisors LLP Grows Holdings in Toll Brothers, Inc. (NYSE:TOL)

Martin Capital Advisors LLP boosted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 8.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,056 shares of the construction company’s stock after acquiring an additional 251 shares during the period. Martin Capital Advisors LLP’s holdings in Toll Brothers were worth $314,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Toll Brothers by 9.1% during the first quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock worth $546,551,000 after purchasing an additional 968,528 shares in the last quarter. State Street Corp grew its holdings in Toll Brothers by 1.1% during the 1st quarter. State Street Corp now owns 4,070,929 shares of the construction company’s stock valued at $191,415,000 after buying an additional 45,004 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Toll Brothers by 10.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,773,505 shares of the construction company’s stock valued at $177,444,000 after buying an additional 353,364 shares in the last quarter. Millennium Management LLC raised its position in shares of Toll Brothers by 271.6% during the fourth quarter. Millennium Management LLC now owns 3,096,331 shares of the construction company’s stock valued at $154,569,000 after buying an additional 2,263,039 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Toll Brothers by 6.0% in the third quarter. AQR Capital Management LLC now owns 2,467,336 shares of the construction company’s stock worth $182,484,000 after buying an additional 139,004 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

TOL has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Wedbush reiterated a “neutral” rating and issued a $87.00 target price on shares of Toll Brothers in a research report on Wednesday, February 21st. The Goldman Sachs Group raised their price target on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their target price on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Finally, StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday. Two 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.80.

Insiders Place Their Bets

In related news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the completion of 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 legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction on 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 owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The disclosure for this sale can be found here. Insiders have sold 66,500 shares of company stock worth $7,881,930 in the last ninety days. 1.54% of the stock is owned by company insiders.

Toll Brothers Trading Down 0.8 %

Shares of NYSE:TOL traded down $0.95 on Friday, hitting $112.21. 1,188,071 shares of the company’s stock were exchanged, compared to its average volume of 1,396,159. The business’s 50 day simple moving average is $117.23 and its two-hundred day simple moving average is $98.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 8.64, a price-to-earnings-growth ratio of 0.94 and a beta of 1.66. Toll Brothers, Inc. has a 12 month low of $61.17 and a 12 month high of $130.63.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data 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 during 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 firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. Analysts anticipate that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be paid a $0.23 dividend. The ex-dividend date is Thursday, April 4th. This represents a $0.92 annualized dividend and a yield of 0.82%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio is 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.