Whalen Wealth Management Inc. Makes New $236,000 Investment in Toll Brothers, Inc. (NYSE:TOL)

Whalen Wealth Management Inc. bought a new stake in shares of Toll Brothers, Inc. (NYSE:TOLFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,870 shares of the construction company’s stock, valued at approximately $236,000.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp lifted its position in Toll Brothers by 1.2% during the third quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after purchasing an additional 42,871 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Toll Brothers by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock valued at $333,444,000 after buying an additional 84,652 shares during the period. FMR LLC lifted its holdings in shares of Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after buying an additional 1,046,758 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after buying an additional 431,160 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Toll Brothers by 35.1% in the third quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock worth $136,614,000 after acquiring an additional 229,603 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Up 0.5 %

Shares of TOL opened at $136.28 on Thursday. The firm has a market cap of $13.63 billion, a P/E ratio of 9.07, a price-to-earnings-growth ratio of 1.03 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The company has a 50 day simple moving average of $140.51 and a two-hundred day simple moving average of $141.62.

Toll Brothers (NYSE:TOLGet Free Report) last posted its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period last year, the company posted $4.11 earnings per share. Toll Brothers’s quarterly revenue was up 10.4% on a year-over-year basis. On average, equities analysts expect that Toll Brothers, Inc. will post 14.25 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is presently 6.12%.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Christine Garvey sold 204 shares of the business’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 completion of the sale, the director now owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock worth $1,947,436 in the last quarter. 1.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TOL has been the topic of several research reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 target price (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Barclays cut 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 report on Thursday, January 16th. Wedbush reiterated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research note on Wednesday, December 11th. 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. Finally, Wells Fargo & Company raised their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, five 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, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $156.64.

View Our Latest Stock Report on Toll Brothers

Toll Brothers Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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