Handelsbanken Fonder AB Buys 3,800 Shares of Toll Brothers, Inc. (NYSE:TOL)

Handelsbanken Fonder AB boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 17.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 26,000 shares of the construction company’s stock after buying an additional 3,800 shares during the period. Handelsbanken Fonder AB’s holdings in Toll Brothers were worth $3,275,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. ORG Partners LLC purchased a new stake in shares of Toll Brothers in the fourth quarter valued at $25,000. Capital Performance Advisors LLP bought a new position in Toll Brothers during the 3rd quarter valued at about $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers in the 3rd quarter worth about $27,000. Larson Financial Group LLC lifted its stake in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its position in shares of Toll Brothers by 806.5% during the fourth 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 period. 91.76% of the stock is currently owned by institutional investors.

Insider Activity at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock valued at $1,947,436 over the last 90 days. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Down 3.2 %

Shares of NYSE TOL opened at $111.45 on Monday. The stock has a market capitalization of $11.13 billion, a PE ratio of 7.67, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 12-month low of $107.79 and a 12-month high of $169.52. The stock’s fifty day simple moving average is $128.57 and its two-hundred day simple moving average is $141.49.

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

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.83%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Analyst Ratings Changes

TOL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods downgraded Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $168.00 to $164.00 in a report on Tuesday, December 10th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Wedbush reissued an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Barclays reduced their price target on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Finally, Wells Fargo & Company lowered their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.86.

Toll Brothers 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.