Livforsakringsbolaget Skandia Omsesidigt Buys New Stake in Toll Brothers, Inc. (NYSE:TOL)

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,200 shares of the construction company’s stock, valued at approximately $3,173,000.

Several other hedge funds and other institutional investors have also made changes to their positions in TOL. FMR LLC increased its stake in Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Toll Brothers during the 3rd quarter worth $111,562,000. Jennison Associates LLC increased its stake in Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after buying an additional 341,980 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Toll Brothers during the 3rd quarter worth $38,985,000. Finally, Castleark Management LLC purchased a new stake in Toll Brothers during the 3rd quarter worth $23,629,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Down 1.7 %

NYSE TOL opened at $132.70 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The company’s 50 day simple moving average is $136.04 and its 200 day simple moving average is $142.53. Toll Brothers, Inc. has a 12 month low of $98.54 and a 12 month high of $169.52. The company has a market capitalization of $13.26 billion, a P/E ratio of 8.83, a PEG ratio of 1.17 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. 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. Equities research analysts expect that Toll Brothers, Inc. will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, January 10th. Toll Brothers’s payout ratio is presently 6.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Bank of America dropped their target price on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Wedbush reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, December 11th. UBS Group reduced their target price on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup reduced their target price on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.00.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the business’s 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 sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,202 shares of company stock valued at $1,947,436. Corporate insiders own 1.54% of the company’s stock.

About Toll Brothers

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.