Sterling Capital Management LLC Acquires 1,613 Shares of Toll Brothers, Inc. (NYSE:TOL)

Sterling Capital Management LLC raised its holdings in Toll Brothers, Inc. (NYSE:TOL) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,338 shares of the construction company’s stock after purchasing an additional 1,613 shares during the quarter. Sterling Capital Management LLC’s holdings in Toll Brothers were worth $2,310,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TOL. ORG Partners LLC bought a new position in shares of Toll Brothers during the fourth quarter worth $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers in the 4th quarter valued at about $27,000. Promus Capital LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC boosted its position in Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after purchasing an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. grew its stake in Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after buying an additional 250 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $93.44 on Monday. The stock has a market cap of $9.33 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 1.02 and a beta of 1.48. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The firm’s 50-day simple moving average is $109.66 and its 200 day simple moving average is $132.08.

Toll Brothers (NYSE:TOL) last released 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 firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio is currently 6.88%.

Wall Street Analyst Weigh In

Several analysts have weighed in on TOL shares. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Keefe, Bruyette & Woods cut their target price on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. The Goldman Sachs Group lowered their price objective on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada decreased their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $146.93.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Company 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.