Toll Brothers, Inc. (NYSE:TOL) Stock Position Raised by Empowered Funds LLC

Empowered Funds LLC lifted its position in Toll Brothers, Inc. (NYSE:TOL) by 228.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 232,180 shares of the construction company’s stock after acquiring an additional 161,408 shares during the quarter. Toll Brothers makes up about 0.4% of Empowered Funds LLC’s holdings, making the stock its 25th biggest holding. Empowered Funds LLC’s holdings in Toll Brothers were worth $29,243,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vest Financial LLC lifted its position in shares of Toll Brothers by 98.1% in the 4th quarter. Vest Financial LLC now owns 19,550 shares of the construction company’s stock valued at $2,462,000 after acquiring an additional 9,681 shares in the last quarter. BLB&B Advisors LLC lifted its position in shares of Toll Brothers by 85.2% in the 4th quarter. BLB&B Advisors LLC now owns 19,850 shares of the construction company’s stock valued at $2,500,000 after acquiring an additional 9,129 shares in the last quarter. Lecap Asset Management Ltd. lifted its position in shares of Toll Brothers by 721.8% in the 4th quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock valued at $2,087,000 after acquiring an additional 14,551 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $3,173,000. Finally, Measured Wealth Private Client Group LLC lifted its position in shares of Toll Brothers by 47.2% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 2,120 shares of the construction company’s stock valued at $267,000 after acquiring an additional 680 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. 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. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Finally, Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $124.32 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. Toll Brothers, Inc. has a fifty-two week low of $98.54 and a fifty-two week high of $169.52. The firm has a fifty day moving average price of $134.58 and a two-hundred day moving average price of $142.40. The company has a market cap of $12.42 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 1.15 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results 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. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the prior year, the firm earned $4.11 EPS. The business’s revenue was up 10.4% on a year-over-year basis. Analysts expect that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the firm’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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction dated 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 directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,202 shares of company stock valued at $1,947,436. Company insiders own 1.54% of the company’s stock.

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.