First Citizens Bank & Trust Co. Raises Holdings in Toll Brothers, Inc. (NYSE:TOL)

First Citizens Bank & Trust Co. lifted its stake in Toll Brothers, Inc. (NYSE:TOL) by 17.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,760 shares of the construction company’s stock after purchasing an additional 409 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Toll Brothers were worth $348,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. ORG Partners LLC acquired a new stake in shares of Toll Brothers during the fourth quarter worth $25,000. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers during the third quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers in the third quarter valued at approximately $27,000. Larson Financial Group LLC raised its position in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after acquiring an additional 207 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,202 shares of company stock worth $1,947,436. 1.54% of the stock is owned by insiders.

Toll Brothers Trading Up 3.7 %

Shares of Toll Brothers stock opened at $140.01 on Tuesday. Toll Brothers, Inc. has a twelve month low of $97.45 and a twelve month high of $169.52. The firm’s 50-day moving average price is $139.51 and its 200 day moving average price is $142.14. 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 capitalization of $14.01 billion, a PE ratio of 9.32, a P/E/G ratio of 1.04 and a beta of 1.74.

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

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

Analyst Upgrades and Downgrades

TOL has been the subject of several recent research reports. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Royal Bank of Canada boosted their price objective on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Evercore ISI upped their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Bank of America reduced their price target on Toll Brothers from $165.00 to $156.00 and set a “buy” rating for the company in a research report on Monday. Finally, Barclays dropped their price objective on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, five have issued 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

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.