Savant Capital LLC Purchases 597 Shares of Toll Brothers, Inc. (NYSE:TOL)

Savant Capital LLC increased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,841 shares of the construction company’s stock after acquiring an additional 597 shares during the period. Savant Capital LLC’s holdings in Toll Brothers were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Larson Financial Group LLC grew its position in shares of 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. boosted its stake in Toll Brothers by 1.4% during the third 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. grew its position in Toll Brothers by 3.7% during the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after buying an additional 83 shares in the last quarter. Nilsine Partners LLC increased its stake in Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after acquiring an additional 88 shares during the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of Toll Brothers by 15.1% in the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after acquiring an additional 92 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were 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 $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine Garvey sold 204 shares of the 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 transaction, the director now directly 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. Insiders have sold 15,202 shares of company stock valued at $1,947,436 over the last ninety days. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $122.58 on Thursday. 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 one year low of $98.54 and a one year high of $169.52. The business’s 50 day simple moving average is $133.06 and its two-hundred day simple moving average is $142.38. The stock has a market capitalization of $12.24 billion, a P/E ratio of 8.16, a price-to-earnings-growth ratio of 1.15 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping the consensus estimate of $4.34 by $0.29. The company 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 firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.11 earnings per share. Analysts forecast that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently announced 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. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.75%. Toll Brothers’s dividend payout ratio is currently 6.12%.

Analysts Set New Price Targets

TOL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Oppenheimer reissued an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research note on Thursday, December 12th. Evercore ISI raised their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Bank of America cut their target price on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Finally, Royal Bank of Canada increased their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.