Long Run Wealth Advisors LLC Acquires 3,147 Shares of Toll Brothers, Inc. (NYSE:TOL)

Long Run Wealth Advisors LLC grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 12.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,643 shares of the construction company’s stock after purchasing an additional 3,147 shares during the quarter. Long Run Wealth Advisors LLC’s holdings in Toll Brothers were worth $3,482,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Larson Financial Group LLC increased its stake in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares in the last quarter. First Trust Direct Indexing L.P. increased its stake in Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares in the last quarter. First Citizens Bank & Trust Co. increased its stake in Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after purchasing an additional 83 shares in the last quarter. Nilsine Partners LLC increased its stake in Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after purchasing an additional 88 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Toll Brothers by 15.1% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $134.99 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. The company has a fifty day moving average of $136.64 and a two-hundred day moving average of $142.59. The stock has a market capitalization of $13.48 billion, a PE ratio of 8.98, a P/E/G ratio of 1.17 and a beta of 1.76. Toll Brothers, Inc. has a fifty-two week low of $97.45 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. During the same period in the prior year, the business earned $4.11 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. As a group, research analysts forecast that Toll Brothers, Inc. will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, January 10th. Toll Brothers’s payout ratio is currently 6.12%.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,202 shares of company stock worth $1,947,436. Insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Barclays dropped their price objective on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Evercore ISI upped their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. UBS Group dropped their price objective on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada upped their price objective on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

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.