Jamison Private Wealth Management Inc. Boosts Holdings in Toll Brothers, Inc. (NYSE:TOL)

Jamison Private Wealth Management Inc. grew its position in Toll Brothers, Inc. (NYSE:TOL) by 122.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,482 shares of the construction company’s stock after purchasing an additional 1,920 shares during the quarter. Jamison Private Wealth Management Inc.’s holdings in Toll Brothers were worth $439,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. FMR LLC raised its stake in Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after buying an additional 1,046,758 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Toll Brothers in the 3rd quarter valued at approximately $111,562,000. Point72 Asset Management L.P. boosted its stake in Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after purchasing an additional 431,160 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Toll Brothers during the 3rd quarter worth approximately $38,985,000. Finally, Jennison Associates LLC increased its stake in Toll Brothers by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after purchasing an additional 229,603 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % 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 valued at $1,947,436 over the last ninety days. Insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TOL. UBS Group dropped their price objective on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Citigroup cut their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Barclays decreased their target price on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. 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 report on Wednesday, December 11th. Finally, Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $156.64.

Toll Brothers Stock Down 1.2 %

Toll Brothers stock opened at $135.04 on Friday. Toll Brothers, Inc. has a 12 month low of $96.33 and a 12 month high of $169.52. The stock has a market capitalization of $13.51 billion, a PE ratio of 8.98, a price-to-earnings-growth ratio of 1.04 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The business has a 50 day simple moving average of $139.51 and a 200-day simple moving average of $141.94.

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

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

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.