Whalen Wealth Management Inc. Purchases New Shares in Toll Brothers, Inc. (NYSE:TOL)

Whalen Wealth Management Inc. purchased a new position in Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,870 shares of the construction company’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of Toll Brothers by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 141,182 shares of the construction company’s stock worth $17,782,000 after purchasing an additional 3,560 shares during the period. Eads & Heald Wealth Management bought a new stake in Toll Brothers in the fourth quarter worth about $256,000. UMB Bank n.a. boosted its position in shares of Toll Brothers by 91.5% during the fourth quarter. UMB Bank n.a. now owns 519 shares of the construction company’s stock valued at $65,000 after buying an additional 248 shares during the period. HB Wealth Management LLC bought a new position in shares of Toll Brothers during the fourth quarter valued at approximately $243,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Toll Brothers in the fourth quarter worth approximately $753,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Christine Garvey sold 204 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,202 shares of company stock worth $1,947,436. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 0.5 %

Shares of NYSE TOL opened at $136.28 on Thursday. The business has a fifty day moving average price of $140.51 and a 200 day moving average price of $141.62. Toll Brothers, Inc. has a 1-year low of $95.46 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 stock has a market capitalization of $13.63 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.74.

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, topping analysts’ consensus estimates of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.11 EPS. Equities research analysts expect that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Evercore ISI boosted their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. UBS Group lowered their target price on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Royal Bank of Canada boosted their price objective 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, Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.64.

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.