Lisanti Capital Growth LLC Makes New $1.33 Million Investment in Toll Brothers, Inc. (NYSE:TOL)

Lisanti Capital Growth LLC purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,945 shares of the construction company’s stock, valued at approximately $1,331,000.

A number of other large investors also recently made changes to their positions in the business. Baker Avenue Asset Management LP boosted its holdings in shares of Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares during the last quarter. Nilsine Partners LLC grew its position in Toll Brothers by 0.8% during the third quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock valued at $1,297,000 after acquiring an additional 146 shares during the period. Fifth Third Bancorp increased its stake in Toll Brothers by 26.1% during the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after acquiring an additional 156 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Toll Brothers by 4.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company’s stock worth $302,000 after purchasing an additional 161 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Toll Brothers by 4.1% in the 3rd quarter. Inspire Investing LLC now owns 4,141 shares of the construction company’s stock valued at $306,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TOL. Keefe, Bruyette & Woods raised their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a report on Wednesday, February 28th. The Goldman Sachs Group lifted their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a report on Thursday, February 22nd. Citigroup increased their price target on Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Barclays boosted their price objective on Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. Finally, Oppenheimer increased their target price on Toll Brothers from $141.00 to $157.00 and gave the company an “outperform” rating in a research note on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.80.

Toll Brothers Stock Performance

TOL traded down $1.33 during trading on Tuesday, reaching $126.43. 1,239,052 shares of the company were exchanged, compared to its average volume of 1,350,946. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a market cap of $13.17 billion, a P/E ratio of 9.87, a PEG ratio of 1.03 and a beta of 1.67. Toll Brothers, Inc. has a 52 week low of $63.00 and a 52 week high of $130.63. The firm has a 50 day moving average of $120.67 and a 200 day moving average of $103.05.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.73%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. Toll Brothers’s dividend payout ratio is 7.11%.

Insider Activity

In related news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at $5,770,122.05. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the transaction, the director now owns 34,069 shares in the company, valued at approximately $4,020,823.38. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,500 shares of company stock worth $7,881,930. 1.54% of the stock is owned by company insiders.

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.