Pitcairn Co. Buys 127 Shares of Toll Brothers, Inc. (NYSE:TOL)

Pitcairn Co. increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,311 shares of the construction company’s stock after acquiring an additional 127 shares during the quarter. Pitcairn Co.’s holdings in Toll Brothers were worth $417,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Disciplined Investors L.L.C. acquired a new position in shares of Toll Brothers during the fourth quarter valued at about $349,000. Cinctive Capital Management LP acquired a new position in Toll Brothers during the 4th quarter worth approximately $3,530,000. Bryce Point Capital LLC bought a new position in Toll Brothers in the fourth quarter worth approximately $513,000. Huntington National Bank increased its holdings in shares of Toll Brothers by 61.9% during the fourth quarter. Huntington National Bank now owns 1,153 shares of the construction company’s stock valued at $145,000 after acquiring an additional 441 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Toll Brothers in the fourth quarter valued at $3,617,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $100.73 on Friday. The stock’s 50-day moving average is $115.67 and its 200 day moving average is $134.93. The stock has a market cap of $10.06 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 1-year low of $95.00 and a 1-year high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. On average, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on TOL shares. StockNews.com upgraded shares of Toll Brothers from a “sell” rating to a “hold” rating in a research note on Saturday. Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Bank of America dropped their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Oppenheimer decreased their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, The Goldman Sachs Group dropped their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

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.