Focus Financial Network Inc. Purchases Shares of 2,785 Toll Brothers, Inc. (NYSE:TOL)

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

A number of other large investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the period. First Trust Direct Indexing L.P. increased its holdings in shares of Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after buying an additional 72 shares during the period. First Citizens Bank & Trust Co. increased its holdings in shares of Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after buying an additional 83 shares during the period. Nilsine Partners LLC increased its holdings in shares of Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after buying an additional 88 shares during the period. Finally, Versant Capital Management Inc increased its holdings in shares of Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock worth $88,000 after buying an additional 92 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity

In other news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,202 shares of company stock worth $1,947,436. Insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on TOL. UBS Group decreased their price objective on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada raised their target price on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. 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 note on Friday, December 13th. Oppenheimer reissued an “outperform” rating and issued a $189.00 target price on shares of Toll Brothers in a research note on Thursday, December 12th. Finally, Bank of America cut their target price on Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $156.00.

Toll Brothers Stock Performance

Toll Brothers stock opened at $123.43 on Friday. The stock’s 50 day simple moving average is $132.39 and its two-hundred day simple moving average is $142.24. 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 price-to-earnings ratio of 8.21, a PEG ratio of 1.15 and a beta of 1.76. Toll Brothers, Inc. has a fifty-two week low of $100.47 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data 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. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.11 EPS. As a group, analysts expect that Toll Brothers, Inc. will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

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

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.