Norges Bank Makes New $149.92 Million Investment in Toll Brothers, Inc. (NYSE:TOL)

Norges Bank bought a new position in Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,190,349 shares of the construction company’s stock, valued at approximately $149,924,000. Norges Bank owned about 1.19% of Toll Brothers as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. ORG Partners LLC purchased a new position in Toll Brothers during the fourth quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $27,000. Promus Capital LLC purchased a new stake in shares of Toll Brothers during the 4th quarter valued at approximately $29,000. IAG Wealth Partners LLC lifted its holdings in Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock valued at $33,000 after acquiring an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its position in Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company decreased their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Keefe, Bruyette & Woods decreased their target price on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Royal Bank of Canada dropped their price target on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. StockNews.com downgraded shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Friday. Finally, UBS Group dropped their target price on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers Stock Up 0.6 %

TOL stock opened at $105.68 on Tuesday. The company’s 50 day moving average price is $118.31 and its 200 day moving average price is $136.16. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 7.27, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a fifty-two week low of $101.50 and a fifty-two week high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s payout ratio is 6.88%.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.54% of the company’s stock.

Toll Brothers 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.