Callan Family Office LLC Purchases Shares of 3,185 Toll Brothers, Inc. (NYSE:TOL)

Callan Family Office LLC acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,185 shares of the construction company’s stock, valued at approximately $401,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. ORG Partners LLC bought a new stake in Toll Brothers during the fourth quarter worth $25,000. Capital Performance Advisors LLP purchased a new position in Toll Brothers during the 3rd quarter worth $27,000. Brooklyn Investment Group bought a new stake in shares of Toll Brothers in the 3rd quarter worth $27,000. Larson Financial Group LLC raised its holdings in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the last quarter. Finally, Promus Capital LLC bought a new position in shares of Toll Brothers during the fourth quarter valued at about $29,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TOL shares. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. StockNews.com lowered Toll Brothers from a “hold” rating to a “sell” rating in a report on Monday, March 3rd. Oppenheimer dropped their price target on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods reduced their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Toll Brothers Stock Performance

NYSE TOL opened at $109.40 on Monday. The firm has a market cap of $10.88 billion, a P/E ratio of 7.53, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $125.14 and its 200-day moving average is $140.11. Toll Brothers, Inc. has a 12-month low of $105.73 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Sell-side analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently announced 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 of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.84%. Toll Brothers’s dividend payout ratio is currently 6.33%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,622 shares of company stock valued at $1,993,880 in the last quarter. 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.