Lisanti Capital Growth LLC Invests $1.33 Million in Toll Brothers, Inc. (NYSE:TOL)

Lisanti Capital Growth LLC acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,945 shares of the construction company’s stock, valued at approximately $1,331,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in Toll Brothers by 6.0% during the third quarter. AQR Capital Management LLC now owns 2,467,336 shares of the construction company’s stock valued at $182,484,000 after purchasing an additional 139,004 shares in the last quarter. Pacer Advisors Inc. lifted its position in Toll Brothers by 12.4% in the 4th quarter. Pacer Advisors Inc. now owns 2,041,569 shares of the construction company’s stock worth $209,853,000 after buying an additional 225,354 shares during the last quarter. Bamco Inc. NY boosted its stake in Toll Brothers by 0.7% in the third quarter. Bamco Inc. NY now owns 1,784,965 shares of the construction company’s stock worth $132,016,000 after buying an additional 12,520 shares in the last quarter. Invesco Ltd. grew its position in Toll Brothers by 105.7% during the third quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company’s stock valued at $111,216,000 after acquiring an additional 772,849 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Toll Brothers by 26.9% during the third quarter. Acadian Asset Management LLC now owns 1,491,488 shares of the construction company’s stock worth $110,294,000 after acquiring an additional 316,100 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TOL has been the topic of a number of analyst reports. Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a research report on Monday, January 8th. Oppenheimer boosted their target price on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Citigroup lifted their price target on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Wedbush reissued a “neutral” rating and set a $87.00 price objective on shares of Toll Brothers in a research note on Wednesday, February 21st. Finally, Seaport Res Ptn downgraded shares of Toll Brothers from a “buy” rating to a “neutral” rating in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

Toll Brothers Stock Down 1.0 %

Shares of NYSE TOL traded down $1.33 during mid-day trading on Tuesday, hitting $126.43. 1,239,052 shares of the stock traded hands, compared to its average volume of 1,350,946. The stock has a fifty day moving average price of $120.67 and a 200-day moving average price of $103.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The company has a market cap of $13.17 billion, a price-to-earnings ratio of 9.87, a PEG ratio of 1.03 and a beta of 1.67. Toll Brothers, Inc. has a 52 week low of $63.00 and a 52 week high of $130.63.

Toll Brothers (NYSE:TOL) last released its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the prior year, the firm earned $1.70 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.23 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Thursday, April 4th. Toll Brothers’s dividend payout ratio (DPR) is currently 7.11%.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now owns 49,721 shares in the company, valued at $5,770,122.05. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the transaction, the director now directly owns 34,069 shares of the company’s stock, valued at approximately $4,020,823.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction on Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,500 shares of company stock valued at $7,881,930. Insiders own 1.54% of the company’s stock.

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.