May Barnhard Investments LLC Takes Position in Toll Brothers, Inc. (NYSE:TOL)

May Barnhard Investments LLC acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,278 shares of the construction company’s stock, valued at approximately $791,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after acquiring an additional 42,871 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Toll Brothers by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after acquiring an additional 84,652 shares during the last quarter. FMR LLC raised its holdings in shares of Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after acquiring an additional 1,046,758 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after acquiring an additional 341,980 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of Toll Brothers in the 3rd quarter worth about $111,562,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TOL shares. UBS Group lowered their target price on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reduced their price objective 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. 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. Keefe, Bruyette & Woods reduced their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. Finally, Bank of America reduced their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Insider Activity at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,622 shares of company stock valued at $1,993,880. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

Toll Brothers stock opened at $102.98 on Friday. The firm’s fifty day moving average price is $123.56 and its 200-day moving average price is $139.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The stock has a market cap of $10.24 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a fifty-two week low of $102.49 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion for 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 expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is currently 6.88%.

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.