Glassy Mountain Advisors Inc. Acquires New Holdings in Toll Brothers, Inc. (NYSE:TOL)

Glassy Mountain Advisors Inc. acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 750 shares of the construction company’s stock, valued at approximately $37,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bridgefront Capital LLC bought a new position in Toll Brothers during the third quarter valued at approximately $216,000. Bank of New York Mellon Corp raised its position in Toll Brothers by 2.7% in the third quarter. Bank of New York Mellon Corp now owns 3,019,933 shares of the construction company’s stock worth $126,838,000 after acquiring an additional 78,109 shares during the period. Cerity Partners LLC bought a new position in Toll Brothers in the second quarter worth approximately $273,000. Consolidated Capital Management LLC bought a new position in Toll Brothers in the third quarter worth approximately $2,516,000. Finally, Great West Life Assurance Co. Can raised its position in Toll Brothers by 11.9% in the third quarter. Great West Life Assurance Co. Can now owns 80,337 shares of the construction company’s stock worth $3,373,000 after acquiring an additional 8,529 shares during the period. Institutional investors own 82.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TOL shares. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Friday, March 10th. Oppenheimer increased their price target on shares of Toll Brothers from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Barclays increased their price target on shares of Toll Brothers from $47.00 to $50.00 and gave the stock an “underweight” rating in a research report on Thursday, December 8th. Citigroup increased their price objective on shares of Toll Brothers to $54.00 in a research note on Monday, December 12th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $55.00 price objective on shares of Toll Brothers in a research note on Thursday, February 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.33.

Toll Brothers Stock Performance

TOL opened at $57.67 on Friday. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 5.00, a PEG ratio of 0.62 and a beta of 1.39. The company has a fifty day moving average of $57.89 and a 200 day moving average of $49.95. Toll Brothers, Inc. has a fifty-two week low of $39.53 and a fifty-two week high of $63.19. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 5.59.

Toll Brothers (NYSE:TOL – Get Rating) last posted its earnings results on Wednesday, February 22nd. The construction company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.33. The company had revenue of $1.78 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Toll Brothers had a net margin of 12.92% and a return on equity of 21.02%. Toll Brothers’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the company posted $1.24 earnings per share. As a group, sell-side analysts forecast that Toll Brothers, Inc. will post 8.66 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 21st. Shareholders of record on Thursday, April 6th will be paid a $0.21 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date is Wednesday, April 5th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.94%.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 30,000 shares of Toll Brothers stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $55.97, for a total value of $1,679,100.00. Following the completion of the transaction, the chief financial officer now directly owns 31,220 shares of the company’s stock, valued at approximately $1,747,383.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Toll Brothers news, CFO Martin P. Connor sold 30,000 shares of Toll Brothers stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $55.97, for a total value of $1,679,100.00. Following the completion of the transaction, the chief financial officer now directly owns 31,220 shares of the company’s stock, valued at approximately $1,747,383.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction on Monday, February 27th. The stock was sold at an average price of $58.69, for a total transaction of $586,900.00. Following the completion of the transaction, the director now directly owns 65,066 shares of the company’s stock, valued at $3,818,723.54. The disclosure for this sale can be found here. Insiders sold 51,325 shares of company stock valued at $2,854,256 in the last three months. Corporate insiders own 1.79% of the company’s stock.

Toll Brothers Company Profile

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.