Berkshire Asset Management LLC PA purchased a new stake in shares of Toll Brothers Inc (NYSE:TOL) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,539 shares of the construction company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TOL. Charter Trust Co. bought a new stake in shares of Toll Brothers during the 4th quarter worth $210,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Toll Brothers by 6.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 672,523 shares of the construction company’s stock worth $32,295,000 after acquiring an additional 41,999 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of Toll Brothers by 22.7% during the 4th quarter. Bank of Montreal Can now owns 522,645 shares of the construction company’s stock worth $25,097,000 after acquiring an additional 96,774 shares in the last quarter. Convergence Investment Partners LLC boosted its stake in shares of Toll Brothers by 25.1% during the 4th quarter. Convergence Investment Partners LLC now owns 30,239 shares of the construction company’s stock worth $1,452,000 after acquiring an additional 6,074 shares in the last quarter. Finally, Sawyer & Company Inc bought a new stake in shares of Toll Brothers during the 4th quarter worth $531,000. 88.07% of the stock is owned by hedge funds and other institutional investors.

Shares of Toll Brothers Inc (NYSE TOL) opened at $52.07 on Thursday. The company has a market capitalization of $8,240.00, a price-to-earnings ratio of 16.37, a PEG ratio of 0.96 and a beta of 1.57. The company has a quick ratio of 0.97, a current ratio of 6.61 and a debt-to-equity ratio of 0.71. Toll Brothers Inc has a 12-month low of $30.67 and a 12-month high of $52.40.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, December 5th. The construction company reported $1.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.09 billion. Toll Brothers had a return on equity of 12.00% and a net margin of 9.21%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. research analysts expect that Toll Brothers Inc will post 3.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 12th will be given a $0.08 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.61%. Toll Brothers’s dividend payout ratio (DPR) is presently 10.06%.

In related news, President Richard T. Hartman sold 20,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $47.00, for a total transaction of $940,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Richard T. Hartman sold 8,537 shares of the stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total value of $392,702.00. Following the sale, the president now owns 27,233 shares of the company’s stock, valued at $1,252,718. The disclosure for this sale can be found here. In the last ninety days, insiders sold 99,037 shares of company stock valued at $4,825,882. 8.78% of the stock is currently owned by insiders.

TOL has been the subject of several research reports. Royal Bank of Canada reissued a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a research note on Monday, September 25th. KeyCorp reissued a “hold” rating on shares of Toll Brothers in a research note on Tuesday, September 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $40.00 price objective on shares of Toll Brothers in a research note on Sunday, October 8th. Zacks Investment Research raised Toll Brothers from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Tuesday, October 10th. Finally, UBS Group initiated coverage on Toll Brothers in a research note on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $49.13.

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Toll Brothers Company Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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