Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 75.0% in the 1st quarter, Holdings Channel reports. The firm owned 95,718 shares of the construction company’s stock after buying an additional 41,031 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Toll Brothers were worth $12,383,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in Toll Brothers by 13.8% during the first quarter. GAMMA Investing LLC now owns 873 shares of the construction company’s stock valued at $113,000 after purchasing an additional 106 shares during the last quarter. Baker Avenue Asset Management LP lifted its position in shares of 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 acquiring an additional 127 shares in the last quarter. Nilsine Partners LLC lifted its position in shares of Toll Brothers by 0.8% in 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 position in shares of Toll Brothers by 26.1% in 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. Finally, First Trust Direct Indexing L.P. lifted its position in shares of Toll Brothers by 4.1% in 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. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the transaction, the chief executive officer now owns 346,382 shares in the company, valued at $41,167,500.70. 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 in the last 90 days. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Up 2.0 %

Shares of TOL traded up $2.39 during mid-day trading on Friday, hitting $123.63. 1,116,164 shares of the company’s stock were exchanged, compared to its average volume of 1,101,907. The firm has a fifty day moving average of $120.36 and a two-hundred day moving average of $102.42. Toll Brothers, Inc. has a twelve month low of $62.26 and a twelve month high of $130.63. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 9.55, a P/E/G ratio of 1.01 and a beta of 1.67. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, topping the consensus estimate of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same quarter in the prior year, the business posted $1.70 EPS. Toll Brothers’s quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Toll Brothers, Inc. will post 13.71 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a dividend of $0.23 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.74%. Toll Brothers’s dividend payout ratio is 7.11%.

Analyst Upgrades and Downgrades

TOL has been the subject of several research analyst reports. Wedbush restated a “neutral” rating and issued a $87.00 price target on shares of Toll Brothers in a research report on Wednesday, February 21st. Barclays upped their price target on shares of Toll Brothers from $95.00 to $115.00 and gave the company an “underweight” rating in a research report on Monday, February 26th. Keefe, Bruyette & Woods increased their target price on shares of Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 28th. JPMorgan Chase & Co. increased their target price on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, Wells Fargo & Company increased their target price on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Two equities 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.80.

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.