Zacks Investment Management Buys 282 Shares of Toll Brothers, Inc. (NYSE:TOL)

Zacks Investment Management boosted its stake in Toll Brothers, Inc. (NYSE:TOL) by 0.6% in the fourth quarter, HoldingsChannel reports. The firm owned 46,685 shares of the construction company’s stock after acquiring an additional 282 shares during the period. Zacks Investment Management’s holdings in Toll Brothers were worth $5,880,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Marshall Wace LLP bought a new stake in shares of Toll Brothers in the 4th quarter valued at about $29,215,000. NewEdge Advisors LLC grew its holdings in shares of Toll Brothers by 1.7% in the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock valued at $762,000 after buying an additional 100 shares during the period. Insigneo Advisory Services LLC increased its position in shares of Toll Brothers by 4.7% in the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock valued at $251,000 after buying an additional 89 shares in the last quarter. Evergreen Capital Management LLC raised its stake in Toll Brothers by 13.0% during the 4th quarter. Evergreen Capital Management LLC now owns 4,079 shares of the construction company’s stock worth $514,000 after buying an additional 468 shares during the period. Finally, United Capital Financial Advisors LLC lifted its holdings in Toll Brothers by 6.3% during the fourth quarter. United Capital Financial Advisors LLC now owns 2,492 shares of the construction company’s stock worth $314,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Christine Garvey sold 420 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. UBS Group dropped their price target on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Oppenheimer dropped their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Bank of America dropped their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, Citigroup cut their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.79.

Toll Brothers Stock Down 2.3 %

NYSE:TOL opened at $91.89 on Thursday. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The firm has a market capitalization of $9.18 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $107.42 and its two-hundred day moving average price is $131.12.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. 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 company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a $0.25 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is 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.