2,156 Shares in Toll Brothers, Inc. (NYSE:TOL) Acquired by Hickory Point Bank & Trust

Hickory Point Bank & Trust bought a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,156 shares of the construction company’s stock, valued at approximately $272,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after purchasing an additional 1,046,758 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Toll Brothers during the 3rd quarter valued at $111,562,000. Jennison Associates LLC grew its holdings in shares of Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after acquiring an additional 341,980 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Toll Brothers in the 3rd quarter worth $38,985,000. Finally, Empowered Funds LLC grew its holdings in shares of Toll Brothers by 228.1% in the 4th quarter. Empowered Funds LLC now owns 232,180 shares of the construction company’s stock worth $29,243,000 after acquiring an additional 161,408 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TOL shares. The Goldman Sachs Group decreased their target price on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Evercore ISI lifted their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Royal Bank of Canada reduced their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Wedbush reissued an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. One investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Stock Up 0.9 %

NYSE:TOL opened at $111.64 on Friday. The stock’s fifty day moving average price is $126.93 and its two-hundred day moving average price is $140.84. Toll Brothers, Inc. has a 52-week low of $108.86 and a 52-week high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 7.68, a P/E/G ratio of 1.02 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. On average, analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders 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 yield of 0.82%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,622 shares of company stock worth $1,993,880. 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.