Lionshead Wealth Management LLC Buys Shares of 1,997 Toll Brothers, Inc. (NYSE:TOL)

Lionshead Wealth Management LLC acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,997 shares of the construction company’s stock, valued at approximately $252,000.

A number of other institutional investors also recently modified their holdings of TOL. FMR LLC lifted its holdings in Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock valued at $318,509,000 after buying an additional 410,394 shares during the period. Geode Capital Management LLC raised its position in shares of Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock worth $276,263,000 after acquiring an additional 35,001 shares in the last quarter. Invesco Ltd. raised its position in shares of Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock worth $239,751,000 after acquiring an additional 236,402 shares in the last quarter. Jennison Associates LLC grew its stake in Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after purchasing an additional 341,980 shares during the period. Finally, AQR Capital Management LLC grew its stake in Toll Brothers by 24.6% during the fourth quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company’s stock worth $153,234,000 after purchasing an additional 239,917 shares during the period. 91.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of research analyst reports. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. UBS Group dropped their target price on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Bank of America cut their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods cut their price target 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. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $144.79.

Insider Activity

In other Toll Brothers 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 transaction, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. The trade was 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. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Trading Down 0.4%

Shares of Toll Brothers stock opened at $103.49 on Monday. The stock has a fifty day simple moving average of $101.74 and a 200 day simple moving average of $124.56. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a market capitalization of $10.34 billion, a P/E ratio of 7.12, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last posted 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). 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 for the quarter, compared to analysts’ expectations of $1.91 billion. On average, sell-side 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 was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was 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 0.97%. Toll Brothers’s dividend 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.