Beech Hill Advisors Inc. Invests $1.94 Million in Toll Brothers, Inc. (NYSE:TOL)

Beech Hill Advisors Inc. purchased a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,438 shares of the construction company’s stock, valued at approximately $1,944,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Larson Financial Group LLC increased its stake in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after buying an additional 72 shares during the period. First Citizens Bank & Trust Co. boosted its position in Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after purchasing an additional 83 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Toll Brothers by 15.1% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after purchasing an additional 92 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Toll Brothers by 4.1% in the second quarter. Evergreen Capital Management LLC now owns 2,749 shares of the construction company’s stock worth $317,000 after buying an additional 109 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,202 shares of company stock worth $1,947,436 in the last ninety days. 1.54% of the stock is owned by company insiders.

Toll Brothers Trading Down 0.8 %

Shares of TOL traded down $1.06 during trading hours on Thursday, reaching $133.17. 36,787 shares of the company traded hands, compared to its average volume of 1,278,227. The stock’s fifty day moving average price is $142.11 and its 200 day moving average price is $140.75. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The firm has a market cap of $13.32 billion, a price-to-earnings ratio of 8.86, a PEG ratio of 0.94 and a beta of 1.74. Toll Brothers, Inc. has a 12-month low of $95.46 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $4.11 EPS. Sell-side analysts forecast that Toll Brothers, Inc. will post 14.25 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.69%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

Analyst Ratings Changes

Several research firms have weighed in on TOL. Royal Bank of Canada increased their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, UBS Group reduced their target price on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $158.07.

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.