Golden State Equity Partners Grows Stake in Toll Brothers, Inc. (NYSE:TOL)

Golden State Equity Partners grew its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 441.7% in the fourth quarter, Holdings Channel reports. The firm owned 3,521 shares of the construction company’s stock after purchasing an additional 2,871 shares during the period. Golden State Equity Partners’ holdings in Toll Brothers were worth $443,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Alliance LLC purchased a new position in shares of Toll Brothers during the 4th quarter valued at $1,117,000. Franklin Resources Inc. grew its position in Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after acquiring an additional 9,195 shares in the last quarter. World Investment Advisors LLC purchased a new position in Toll Brothers in the third quarter worth $12,506,000. Chartwell Investment Partners LLC grew its position in Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after acquiring an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after acquiring an additional 3,328 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TOL has been the subject of several research reports. Evercore ISI upped their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. UBS Group cut their target price on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Barclays cut their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Finally, 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $131.32 on Tuesday. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 1.17 and a beta of 1.76. The company has a 50-day moving average price of $137.97 and a 200-day moving average price of $142.57. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a 12 month low of $97.45 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion during 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 quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.11 earnings per share. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Friday, January 10th. Toll Brothers’s payout ratio is currently 6.12%.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 sold a total of 15,202 shares of company stock valued at $1,947,436 over the last three months. Corporate insiders own 1.54% of the company’s stock.

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.