Northern Trust Corp Raises Holdings in Toll Brothers, Inc. (NYSE:TOL)

Northern Trust Corp raised its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 20.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 911,160 shares of the construction company’s stock after acquiring an additional 154,638 shares during the period. Northern Trust Corp’s holdings in Toll Brothers were worth $114,761,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. acquired a new position in Toll Brothers during the fourth quarter valued at approximately $27,000. Promus Capital LLC purchased a new stake in Toll Brothers during the fourth quarter worth approximately $29,000. IAG Wealth Partners LLC increased its position 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 worth $33,000 after acquiring an additional 238 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its stake in shares of 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 acquiring an additional 250 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on TOL. StockNews.com cut shares of Toll Brothers from a “hold” rating to a “sell” rating in a research report on Friday, April 25th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods dropped their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Bank of America reduced their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $144.79.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now directly owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Price Performance

Shares of TOL stock opened at $104.30 on Friday. The firm has a fifty day moving average of $102.47 and a two-hundred day moving average of $126.48. The firm has a market cap of $10.42 billion, a P/E ratio of 7.18, a P/E/G ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. 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 (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.25 per share. 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 0.96%. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers’s dividend payout ratio 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.