Huntington National Bank Has $145,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Huntington National Bank lifted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 61.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,153 shares of the construction company’s stock after buying an additional 441 shares during the period. Huntington National Bank’s holdings in Toll Brothers were worth $145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of TOL. Trexquant Investment LP acquired a new stake in Toll Brothers during the 4th quarter worth about $3,617,000. Headlands Technologies LLC lifted its position in shares of Toll Brothers by 804.5% in the fourth quarter. Headlands Technologies LLC now owns 4,631 shares of the construction company’s stock worth $583,000 after purchasing an additional 4,119 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Toll Brothers by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock worth $276,263,000 after purchasing an additional 35,001 shares in the last quarter. Diametric Capital LP boosted its holdings in shares of Toll Brothers by 134.9% during the fourth quarter. Diametric Capital LP now owns 3,288 shares of the construction company’s stock worth $414,000 after purchasing an additional 1,888 shares during the period. Finally, National Bank of Canada FI grew its position in Toll Brothers by 32.0% during the fourth quarter. National Bank of Canada FI now owns 58,078 shares of the construction company’s stock valued at $7,315,000 after purchasing an additional 14,080 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TOL shares. The Goldman Sachs Group decreased their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company reduced their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced their price target on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have issued 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 2.4 %

NYSE:TOL opened at $100.73 on Friday. The company’s 50 day moving average is $115.67 and its 200-day moving average is $134.93. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 12 month low of $95.00 and a 12 month high of $169.52. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 1.02 and a beta of 1.48.

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

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.25 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 0.99%. Toll Brothers’s dividend payout ratio is presently 6.88%.

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.