Omnia Family Wealth LLC Has $217,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Omnia Family Wealth LLC lowered its holdings in Toll Brothers, Inc. (NYSE:TOL) by 64.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,114 shares of the construction company’s stock after selling 3,849 shares during the quarter. Omnia Family Wealth LLC’s holdings in Toll Brothers were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Baker Avenue Asset Management LP grew its position in Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after purchasing an additional 127 shares during the period. Nilsine Partners LLC lifted its stake in Toll Brothers by 0.8% during the 3rd quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock valued at $1,297,000 after acquiring an additional 146 shares in the last quarter. Fifth Third Bancorp lifted its stake in Toll Brothers by 26.1% during the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after acquiring an additional 156 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Toll Brothers by 4.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company’s stock valued at $302,000 after acquiring an additional 161 shares in the last quarter. Finally, Inspire Investing LLC lifted its stake in Toll Brothers by 4.1% during the 3rd quarter. Inspire Investing LLC now owns 4,141 shares of the construction company’s stock valued at $306,000 after acquiring an additional 165 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

TOL has been the topic of several recent analyst reports. The Goldman Sachs Group raised their price objective on Toll Brothers from $94.00 to $96.00 and gave the company a “sell” rating in a research note on Thursday, February 22nd. JPMorgan Chase & Co. raised their price objective on Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a research note on Friday, February 23rd. Citigroup raised their price objective on Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Wells Fargo & Company lifted their target price on Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $113.80.

Toll Brothers Stock Performance

NYSE TOL traded up $2.86 during trading on Friday, hitting $120.22. 735,437 shares of the company’s stock traded hands, compared to its average volume of 1,083,275. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 1.00 and a beta of 1.66. Toll Brothers, Inc. has a 12-month low of $61.70 and a 12-month high of $130.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The business has a 50 day moving average of $118.95 and a 200-day moving average of $100.72.

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

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were given a dividend of $0.23 per share. The ex-dividend date was Thursday, April 4th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 0.77%. Toll Brothers’s dividend payout ratio is currently 7.11%.

Insider Activity

In other news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now directly owns 34,069 shares in the company, valued at $4,020,823.38. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the transaction, the director now directly owns 34,069 shares in the company, valued at $4,020,823.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the transaction, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders have sold a total of 66,500 shares of company stock worth $7,881,930 over the last ninety days. Company insiders own 1.54% of the company’s stock.

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.