Precision Wealth Strategies LLC Boosts Holdings in Toll Brothers, Inc. (NYSE:TOL)

Precision Wealth Strategies LLC boosted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,092 shares of the construction company’s stock after purchasing an additional 245 shares during the quarter. Precision Wealth Strategies LLC’s holdings in Toll Brothers were worth $389,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new position in Toll Brothers during the third quarter valued at $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers during the 3rd quarter valued at about $27,000. Larson Financial Group LLC increased 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 worth $28,000 after purchasing an additional 66 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of Toll Brothers in the fourth quarter worth about $25,000. Finally, UMB Bank n.a. boosted its stake in Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after buying an additional 207 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of Toll Brothers 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 sale, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,202 shares of company stock worth $1,947,436. Company insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays reduced their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Oppenheimer reissued an “outperform” rating and issued a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. Royal Bank of Canada upped their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.00.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $135.88 on Friday. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $137.97 and its two-hundred day moving average is $142.47. Toll Brothers, Inc. has a 52 week low of $97.45 and a 52 week high of $169.52. The company has a market capitalization of $13.59 billion, a PE ratio of 9.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.74.

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

Toll Brothers Announces Dividend

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

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.