1,324 Shares in Toll Brothers, Inc. (NYSE:TOL) Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC bought a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,324 shares of the construction company’s stock, valued at approximately $204,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of Toll Brothers in the second quarter valued at $216,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Toll Brothers during the second quarter worth approximately $274,000. Brookstone Capital Management raised its holdings in Toll Brothers by 15.4% in the 2nd quarter. Brookstone Capital Management now owns 2,001 shares of the construction company’s stock valued at $230,000 after acquiring an additional 267 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of Toll Brothers by 7.7% during the second quarter. Raymond James & Associates now owns 227,276 shares of the construction company’s stock worth $26,178,000 after purchasing an additional 16,198 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Toll Brothers by 73.8% in the second quarter. Nisa Investment Advisors LLC now owns 43,981 shares of the construction company’s stock valued at $5,066,000 after purchasing an additional 18,682 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $133.85 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The company has a market capitalization of $13.51 billion, a PE ratio of 8.91, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69. The stock has a fifty day moving average of $153.08 and a 200-day moving average of $139.16. Toll Brothers, Inc. has a one year low of $95.46 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. Toll Brothers’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $4.11 EPS. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 14.57 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is 6.12%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the transaction, the chief executive officer now owns 296,382 shares of the company’s stock, valued at $45,361,265.10. The trade was a 7.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,000 shares of company stock valued at $16,435,800 in the last three months. 1.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TOL shares. Wells Fargo & Company raised their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Royal Bank of Canada upped their price objective on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Bank of America boosted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research report on Friday. Finally, Barclays raised their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $152.53.

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.