Long Run Wealth Advisors LLC Boosts Holdings in Toll Brothers, Inc. (NYSE:TOL)

Long Run Wealth Advisors LLC grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 12.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,643 shares of the construction company’s stock after purchasing an additional 3,147 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Toll Brothers were worth $3,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Creative Planning lifted its stake in Toll Brothers by 14.1% in the second quarter. Creative Planning now owns 9,260 shares of the construction company’s stock worth $1,067,000 after acquiring an additional 1,147 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Toll Brothers by 22.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,569 shares of the construction company’s stock worth $181,000 after acquiring an additional 290 shares during the last quarter. Cetera Investment Advisers lifted its stake in Toll Brothers by 19.1% in the second quarter. Cetera Investment Advisers now owns 27,000 shares of the construction company’s stock worth $3,110,000 after acquiring an additional 4,336 shares during the last quarter. GAMMA Investing LLC lifted its stake in Toll Brothers by 27.4% in the third quarter. GAMMA Investing LLC now owns 1,368 shares of the construction company’s stock worth $211,000 after acquiring an additional 294 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its stake in Toll Brothers by 7.6% in the third quarter. Atomi Financial Group Inc. now owns 2,932 shares of the construction company’s stock worth $453,000 after acquiring an additional 206 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on TOL shares. Bank of America cut their price objective on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a report on Monday, January 27th. Royal Bank of Canada raised their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Evercore ISI raised their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Citigroup cut their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Toll Brothers Stock Up 0.8 %

TOL opened at $134.99 on Thursday. The business’s fifty day moving average is $136.64 and its two-hundred day moving average is $142.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 1.17 and a beta of 1.76. Toll Brothers, Inc. has a one year low of $97.45 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the business earned $4.11 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Analysts anticipate that Toll Brothers, Inc. will post 14.15 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. Toll Brothers’s dividend payout ratio is currently 6.12%.

Insider Activity

In related news, Director Christine Garvey sold 204 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,202 shares of company stock worth $1,947,436 over the last three months. 1.54% of the stock is currently owned by corporate insiders.

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.