Lyell Wealth Management LP Raises Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Lyell Wealth Management LP boosted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 682.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 47,349 shares of the construction company’s stock after buying an additional 41,299 shares during the quarter. Lyell Wealth Management LP’s holdings in Toll Brothers were worth $5,964,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Atria Wealth Solutions Inc. raised its position in Toll Brothers by 66.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 7,950 shares of the construction company’s stock worth $1,001,000 after buying an additional 3,164 shares during the last quarter. Venturi Wealth Management LLC raised its position in Toll Brothers by 47.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,028 shares of the construction company’s stock worth $129,000 after buying an additional 332 shares during the last quarter. CIBC Asset Management Inc raised its position in Toll Brothers by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 3,223 shares of the construction company’s stock worth $406,000 after buying an additional 169 shares during the last quarter. Principal Securities Inc. raised its position in Toll Brothers by 25.2% in the 4th quarter. Principal Securities Inc. now owns 541 shares of the construction company’s stock worth $68,000 after buying an additional 109 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Toll Brothers by 136.3% in the 4th quarter. Blue Trust Inc. now owns 834 shares of the construction company’s stock worth $105,000 after buying an additional 481 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the subject of several research reports. UBS Group reduced their price target on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays reduced their price target on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Citigroup reduced their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Finally, Bank of America reduced their price target on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 204 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. This represents a 2.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly 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 sold 15,202 shares of company stock worth $1,947,436 in the last three months. 1.54% of the stock is owned by company insiders.

Toll Brothers Trading Down 1.3 %

TOL stock opened at $121.97 on Wednesday. Toll Brothers, Inc. has a 1-year low of $100.47 and a 1-year high of $169.52. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 1.07 and a beta of 1.76. The business has a 50 day simple moving average of $130.51 and a two-hundred day simple moving average of $141.86.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. Research analysts anticipate that Toll Brothers, Inc. will post 14.15 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.75%. Toll Brothers’s payout ratio is 6.12%.

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.