O Shaughnessy Asset Management LLC Buys 247 Shares of Toll Brothers, Inc. (NYSE:TOL)

O Shaughnessy Asset Management LLC increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,430 shares of the construction company’s stock after purchasing an additional 247 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Toll Brothers were worth $4,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brandywine Global Investment Management LLC grew its stake in Toll Brothers by 283.3% in the fourth quarter. Brandywine Global Investment Management LLC now owns 126,441 shares of the construction company’s stock valued at $15,925,000 after acquiring an additional 93,451 shares during the period. Level Four Advisory Services LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at approximately $214,000. denkapparat Operations GmbH bought a new stake in Toll Brothers during the 4th quarter worth approximately $290,000. Pictet Asset Management Holding SA raised its holdings in Toll Brothers by 21.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 784,412 shares of the construction company’s stock worth $98,797,000 after buying an additional 140,133 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in Toll Brothers in the fourth quarter valued at approximately $2,783,000. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Citigroup dropped 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. Barclays decreased their price objective on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. Evercore ISI lifted their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada reduced their price target on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five 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.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Insider Activity

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

Toll Brothers Stock Up 1.5 %

Shares of TOL stock opened at $106.85 on Thursday. Toll Brothers, Inc. has a 52-week low of $101.50 and a 52-week high of $169.52. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 1.02 and a beta of 1.48. The firm’s 50-day moving average is $117.11 and its 200-day moving average is $135.64. 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 released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Sell-side analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 dividend yield of 0.94%. The ex-dividend date is Friday, April 11th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is currently 6.88%.

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.