215 Shares in Toll Brothers, Inc. (NYSE:TOL) Purchased by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. acquired a new position in Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 215 shares of the construction company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TOL. ORG Partners LLC acquired a new stake in Toll Brothers in the fourth quarter worth about $25,000. Brooklyn Investment Group acquired a new stake in Toll Brothers in the third quarter worth about $27,000. Larson Financial Group LLC grew its position in shares of Toll Brothers by 57.9% during the 3rd 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. Promus Capital LLC acquired a new position in shares of Toll Brothers during the 4th quarter worth about $29,000. Finally, IAG Wealth Partners LLC grew its position in shares of Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after buying an additional 238 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now 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 is accessible through the SEC website. Also, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,785 shares of company stock worth $1,479,185 in the last 90 days. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 1.2 %

Shares of Toll Brothers stock opened at $105.94 on Monday. Toll Brothers, Inc. has a 12-month low of $102.49 and a 12-month high of $169.52. The stock has a market cap of $10.58 billion, a P/E ratio of 7.29, a P/E/G ratio of 1.02 and a beta of 1.77. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $121.21 and its 200-day moving average is $137.49.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Equities research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is currently 6.88%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays decreased their target price on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday, February 20th. Keefe, Bruyette & Woods decreased their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. StockNews.com lowered Toll Brothers from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

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.