NorthRock Partners LLC Takes Position in Toll Brothers, Inc. (NYSE:TOL)

NorthRock Partners LLC acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) in the 1st quarter, HoldingsChannel reports. The fund acquired 1,879 shares of the construction company’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Voss Capital LLC purchased a new stake in Toll Brothers in the fourth quarter worth about $8,223,000. Ossiam grew its holdings in Toll Brothers by 122.8% in the fourth quarter. Ossiam now owns 7,547 shares of the construction company’s stock worth $776,000 after purchasing an additional 4,159 shares during the period. Jennison Associates LLC grew its holdings in shares of Toll Brothers by 41.2% during the fourth quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after buying an additional 243,553 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Toll Brothers by 46.7% during the first quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock valued at $3,347,000 after buying an additional 8,234 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Toll Brothers by 36.5% during the first quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock valued at $5,235,000 after buying an additional 10,823 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group increased their price target on shares of Toll Brothers from $140.00 to $154.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Barclays cut their price target on shares of Toll Brothers from $118.00 to $116.00 and set an “underweight” rating on the stock in a report on Friday. Wells Fargo & Company increased their price target on shares of Toll Brothers from $142.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Citigroup cut their price target on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Finally, The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and increased their price objective for the company from $112.00 to $124.00 in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average price target of $131.25.

Insider Activity

In other news, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the sale, the chief financial officer now directly owns 24,721 shares in the company, valued at approximately $3,012,006.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Martin P. Connor sold 16,194 shares of the firm’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now directly owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 3,806 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total transaction of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at $3,012,006.64. The disclosure for this sale can be found here. Insiders have sold 20,170 shares of company stock worth $2,407,335 in the last three months. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

TOL traded up $0.29 during trading on Monday, hitting $123.44. The company’s stock had a trading volume of 1,249,143 shares, compared to its average volume of 1,388,959. The company has a quick ratio of 0.69, a current ratio of 4.59 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $135.37. The firm has a market cap of $12.67 billion, a PE ratio of 8.43, a P/E/G ratio of 1.00 and a beta of 1.67. The business’s 50 day simple moving average is $120.04 and its 200-day simple moving average is $114.66.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). The business had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a return on equity of 20.91% and a net margin of 15.07%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.85 earnings per share. As a group, sell-side analysts predict that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, July 5th. This represents a $0.92 annualized dividend and a dividend yield of 0.75%. Toll Brothers’s payout ratio is 6.28%.

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.