Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in Toll Brothers, Inc. (NYSE:TOL) by 23.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,380 shares of the construction company’s stock after purchasing an additional 7,284 shares during the period. Cetera Investment Advisers’ holdings in Toll Brothers were worth $4,834,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its position in Toll Brothers by 38.7% in the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after purchasing an additional 341,980 shares during the period. Lecap Asset Management Ltd. lifted its position in Toll Brothers by 721.8% in the fourth quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock valued at $2,087,000 after purchasing an additional 14,551 shares during the period. Jones Financial Companies Lllp lifted its position in Toll Brothers by 66.7% in the fourth quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company’s stock valued at $666,000 after purchasing an additional 2,116 shares during the period. Whalen Wealth Management Inc. acquired a new stake in Toll Brothers in the fourth quarter valued at about $236,000. Finally, Hennessy Advisors Inc. lifted its position in Toll Brothers by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 78,900 shares of the construction company’s stock valued at $9,937,000 after purchasing an additional 5,000 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TOL. Barclays dropped their target price on shares of Toll Brothers from $101.00 to $92.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Oppenheimer dropped their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. StockNews.com raised shares of Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group dropped their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday, February 20th. Finally, Bank of America dropped their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $144.79.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on Monday, February 24th. The shares were 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 $1,458,107.88. This trade represents a 3.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Down 3.9%

Shares of NYSE TOL opened at $105.05 on Thursday. Toll Brothers, Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The firm’s 50 day moving average price is $101.57 and its 200 day moving average price is $124.04. The firm has a market cap of $10.49 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL) last announced its earnings results 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 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%. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. 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. 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.