Elevated Capital Advisors LLC Decreases Position in Toll Brothers, Inc. (NYSE:TOL)

Elevated Capital Advisors LLC lowered its position in Toll Brothers, Inc. (NYSE:TOL) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,218 shares of the construction company’s stock after selling 374 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Toll Brothers were worth $657,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in TOL. Cooper Financial Group increased its holdings in Toll Brothers by 6.9% during the 4th quarter. Cooper Financial Group now owns 2,287 shares of the construction company’s stock valued at $288,000 after acquiring an additional 148 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of Toll Brothers during the fourth quarter valued at $1,117,000. ORG Wealth Partners LLC boosted its stake in shares of Toll Brothers by 10.2% during the 4th quarter. ORG Wealth Partners LLC now owns 2,172 shares of the construction company’s stock worth $274,000 after purchasing an additional 201 shares during the last quarter. Hilltop National Bank boosted its stake in shares of Toll Brothers by 3.2% during the 4th quarter. Hilltop National Bank now owns 7,439 shares of the construction company’s stock worth $937,000 after purchasing an additional 229 shares during the last quarter. Finally, ORG Partners LLC acquired a new position in shares of Toll Brothers in the fourth quarter valued at approximately $25,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Royal Bank of Canada increased their target price on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Citigroup decreased their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Oppenheimer restated an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.07.

Insider Activity

In other news, Director Christine Garvey sold 204 shares of the 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 completion of 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 40,202 shares of company stock worth $5,903,186 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

TOL stock opened at $125.94 on Tuesday. The firm has a market cap of $12.60 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The stock has a 50-day simple moving average of $142.92 and a 200-day simple moving average of $140.68.

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 net margin of 14.48% and a return on equity of 19.64%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter last year, the company earned $4.11 earnings per share. Toll Brothers’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities analysts predict that Toll Brothers, Inc. will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a $0.23 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.73%. Toll Brothers’s payout ratio is currently 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.