Opinicus Capital Inc. Buys Shares of 14,479 Toll Brothers, Inc. (NYSE:TOL)

Opinicus Capital Inc. bought a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, Holdings Channel reports. The firm bought 14,479 shares of the construction company’s stock, valued at approximately $1,488,000. Toll Brothers comprises approximately 1.5% of Opinicus Capital Inc.’s investment portfolio, making the stock its 15th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of Toll Brothers by 48.9% in the 3rd quarter. CWM LLC now owns 2,371 shares of the construction company’s stock worth $175,000 after buying an additional 779 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Toll Brothers by 87.1% in the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after buying an additional 230 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Toll Brothers by 82.1% in the 3rd quarter. SG Americas Securities LLC now owns 2,724 shares of the construction company’s stock worth $201,000 after buying an additional 1,228 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Toll Brothers by 1.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 12,996 shares of the construction company’s stock worth $961,000 after buying an additional 235 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in shares of Toll Brothers in the 3rd quarter worth $571,000. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $41,167,500.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 66,500 shares of company stock valued at $7,881,930. Insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on TOL. Barclays lifted their target price on Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a report on Monday, February 26th. Seaport Res Ptn cut Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. JPMorgan Chase & Co. lifted their target price on Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, February 23rd. The Goldman Sachs Group lifted their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Finally, Citigroup lifted their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

Toll Brothers Stock Up 2.4 %

TOL traded up $2.86 during trading on Friday, reaching $120.22. 735,437 shares of the stock traded hands, compared to its average volume of 1,083,275. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.98 and a beta of 1.66. Toll Brothers, Inc. has a fifty-two week low of $61.70 and a fifty-two week high of $130.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65. The stock’s 50-day simple moving average is $118.95 and its two-hundred day simple moving average is $100.54.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. The firm had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.70 earnings per share. As a group, equities research analysts expect that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a dividend of $0.23 per share. This is a boost 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 0.77%. Toll Brothers’s dividend payout ratio (DPR) is presently 7.11%.

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.