2,785 Shares in Toll Brothers, Inc. (NYSE:TOL) Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. acquired a new position in Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,785 shares of the construction company’s stock, valued at approximately $351,000.

A number of other hedge funds also recently added to or reduced their stakes in TOL. CWM LLC raised its holdings in Toll Brothers by 5.3% in the 3rd quarter. CWM LLC now owns 6,602 shares of the construction company’s stock worth $1,020,000 after acquiring an additional 332 shares during the last quarter. Wesbanco Bank Inc. purchased a new stake in Toll Brothers during the 3rd quarter valued at $250,000. Creative Planning raised its stake in Toll Brothers by 11.5% during the 3rd quarter. Creative Planning now owns 10,323 shares of the construction company’s stock valued at $1,595,000 after buying an additional 1,063 shares during the last quarter. Jamison Private Wealth Management Inc. raised its stake in Toll Brothers by 23.4% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,562 shares of the construction company’s stock valued at $241,000 after buying an additional 296 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its stake in Toll Brothers by 66.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 9,017 shares of the construction company’s stock valued at $1,393,000 after buying an additional 3,615 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TOL has been the subject of a number of research reports. Barclays decreased their target price on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Citigroup cut their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Finally, Evercore ISI boosted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Toll Brothers Stock Performance

Shares of TOL opened at $123.43 on Friday. The stock has a 50-day moving average of $132.39 and a two-hundred day moving average of $142.24. Toll Brothers, Inc. has a one year low of $100.47 and a one year high of $169.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. The stock has a market cap of $12.33 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.15 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $4.11 EPS. As a group, research analysts predict that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.75%. Toll Brothers’s dividend payout ratio is presently 6.12%.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,202 shares of company stock worth $1,947,436. 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.