Harvest Investment Services LLC Has $1.89 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Harvest Investment Services LLC raised its stake in Toll Brothers, Inc. (NYSE:TOL) by 932.1% in the fourth quarter, Holdings Channel reports. The fund owned 14,996 shares of the construction company’s stock after purchasing an additional 13,543 shares during the quarter. Harvest Investment Services LLC’s holdings in Toll Brothers were worth $1,889,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TOL. ORG Partners LLC acquired a new position in shares of Toll Brothers during the fourth quarter worth $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers during the fourth quarter valued at about $27,000. Promus Capital LLC bought a new stake in shares of Toll Brothers during the fourth quarter worth about $29,000. IAG Wealth Partners LLC increased its stake in shares of Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock valued at $33,000 after buying an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. raised its holdings in Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after buying an additional 250 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the company’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 transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on TOL shares. The Goldman Sachs Group lowered their target price on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. UBS Group lowered their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada lowered their price target on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Wells Fargo & Company lowered their target price on shares of Toll Brothers from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Finally, Oppenheimer decreased their price target on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. One investment 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 stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.79.

Toll Brothers Price Performance

TOL opened at $92.23 on Tuesday. The firm’s fifty day moving average price is $105.56 and its two-hundred day moving average price is $129.56. The company has a market capitalization of $9.21 billion, a price-to-earnings ratio of 6.35, a P/E/G ratio of 1.02 and a beta of 1.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 1 year low of $86.67 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, analysts anticipate 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. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. Toll Brothers’s dividend payout ratio (DPR) 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.