Bank OZK Purchases 745 Shares of Toll Brothers, Inc. (NYSE:TOL)

Bank OZK raised its stake in Toll Brothers, Inc. (NYSE:TOL) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,586 shares of the construction company’s stock after acquiring an additional 745 shares during the quarter. Bank OZK’s holdings in Toll Brothers were worth $1,837,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TOL. ORG Partners LLC bought a new position in shares of Toll Brothers in the fourth quarter worth about $25,000. Capital Performance Advisors LLP bought a new position in shares of Toll Brothers in the third quarter worth about $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers in the third quarter worth about $27,000. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its holdings in shares of Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TOL shares. Bank of America dropped their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Barclays dropped their target price on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a report on Tuesday. Evercore ISI raised 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. Oppenheimer dropped their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. One investment 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Transactions at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,622 shares of company stock valued at $1,993,880 in the last quarter. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

NYSE:TOL opened at $111.64 on Friday. The company has a market capitalization of $11.15 billion, a PE ratio of 7.68, a P/E/G ratio of 1.02 and a beta of 1.76. The company has a 50 day simple moving average of $126.93 and a two-hundred day simple moving average of $140.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a fifty-two week low of $108.86 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is 6.33%.

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.