Inceptionr LLC Boosts Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Inceptionr LLC lifted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 48.2% during the fourth quarter, Holdings Channel reports. The firm owned 4,677 shares of the construction company’s stock after acquiring an additional 1,521 shares during the period. Inceptionr LLC’s holdings in Toll Brothers were worth $481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Baker Avenue Asset Management LP grew its holdings in shares of Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after acquiring an additional 127 shares in the last quarter. Nilsine Partners LLC grew its stake in Toll Brothers by 0.8% in the 3rd quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock valued at $1,297,000 after purchasing an additional 146 shares during the period. Fifth Third Bancorp increased its position in shares of Toll Brothers by 26.1% during the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after purchasing an additional 156 shares during the last quarter. First Trust Direct Indexing L.P. boosted 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 buying an additional 161 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings 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 worth $306,000 after buying an additional 165 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup lifted their price objective on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Oppenheimer increased their price target on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Barclays boosted their price objective on Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a research note on Monday, February 26th. JPMorgan Chase & Co. lifted their target price on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research note on Thursday, February 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $116.33.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 5,000 shares of the business’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 value 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 approximately $5,770,122.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.02, for a total value of $1,180,200.00. Following the transaction, the director now directly owns 34,069 shares of the company’s stock, valued at approximately $4,020,823.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $580,250.00. Following the sale, the chief financial officer now directly owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Insiders sold a total of 66,500 shares of company stock valued at $7,881,930 over the last quarter. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Price Performance

Shares of TOL stock traded down $0.21 during trading on Friday, hitting $130.92. The company had a trading volume of 344,508 shares, compared to its average volume of 1,334,631. Toll Brothers, Inc. has a 52 week low of $63.34 and a 52 week high of $135.37. The stock has a market capitalization of $13.64 billion, a price-to-earnings ratio of 10.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.67. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The stock’s 50-day moving average is $122.39 and its two-hundred day moving average is $105.68.

Toll Brothers (NYSE:TOL) last released its earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, beating 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 business had revenue of $1.95 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, analysts predict 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. Investors of record on Friday, April 5th were given a $0.23 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a yield of 0.70%. Toll Brothers’s payout ratio is presently 7.11%.

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.