HL Financial Services LLC increased its stake in shares of Toll Brothers Inc (NYSE:TOL) by 111.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 169,774 shares of the construction company’s stock after purchasing an additional 89,416 shares during the period. HL Financial Services LLC’s holdings in Toll Brothers were worth $8,153,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TOL. Bessemer Group Inc. raised its position in shares of Toll Brothers by 202.5% during the 4th quarter. Bessemer Group Inc. now owns 2,390 shares of the construction company’s stock worth $115,000 after purchasing an additional 1,600 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Toll Brothers during the 4th quarter worth approximately $120,000. Toronto Dominion Bank raised its position in shares of Toll Brothers by 5.2% during the 2nd quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock worth $154,000 after purchasing an additional 192 shares during the last quarter. CENTRAL TRUST Co acquired a new position in shares of Toll Brothers during the 4th quarter worth approximately $157,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Toll Brothers by 381.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,241 shares of the construction company’s stock worth $168,000 after purchasing an additional 3,361 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

In other news, CAO Joseph R. Sicree sold 4,500 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $51.48, for a total transaction of $231,660.00. Following the completion of the sale, the chief accounting officer now directly owns 24,197 shares of the company’s stock, valued at approximately $1,245,661.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christine Garvey sold 16,000 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $50.82, for a total transaction of $813,120.00. Following the sale, the director now directly owns 17,057 shares of the company’s stock, valued at $866,836.74. The disclosure for this sale can be found here. Insiders have sold a total of 135,950 shares of company stock valued at $6,781,012 over the last three months. Corporate insiders own 8.78% of the company’s stock.

Several research analysts recently issued reports on TOL shares. KeyCorp upgraded Toll Brothers from a “sector weight” rating to an “overweight” rating and lifted their price objective for the stock from $44.55 to $52.00 in a research report on Thursday, November 2nd. They noted that the move was a valuation call. UBS Group started coverage on Toll Brothers in a research report on Wednesday, October 25th. They set a “buy” rating and a $50.00 price objective for the company. Royal Bank of Canada restated a “buy” rating and set a $45.00 price objective on shares of Toll Brothers in a research report on Wednesday, November 15th. Wedbush restated a “neutral” rating and set a $40.00 price objective (down from $45.00) on shares of Toll Brothers in a research report on Wednesday, December 6th. Finally, ValuEngine downgraded Toll Brothers from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $51.06.

Toll Brothers Inc (TOL) traded up $0.65 during mid-day trading on Thursday, reaching $47.23. 2,554,002 shares of the company’s stock traded hands, compared to its average volume of 1,993,241. The stock has a market cap of $7,530.00, a PE ratio of 14.97, a P/E/G ratio of 0.86 and a beta of 1.57. The company has a debt-to-equity ratio of 0.71, a current ratio of 6.61 and a quick ratio of 0.97. Toll Brothers Inc has a 12-month low of $30.67 and a 12-month high of $52.73.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, December 5th. The construction company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.19 by ($0.02). Toll Brothers had a net margin of 9.21% and a return on equity of 12.00%. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $2.09 billion. During the same period in the prior year, the firm earned $0.67 earnings per share. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. equities analysts anticipate that Toll Brothers Inc will post 3.97 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.32 annualized dividend and a dividend yield of 0.68%. Toll Brothers’s dividend payout ratio is presently 10.06%.

COPYRIGHT VIOLATION NOTICE: “HL Financial Services LLC Raises Position in Toll Brothers Inc (TOL)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.thecerbatgem.com/2018/02/01/hl-financial-services-llc-raises-position-in-toll-brothers-inc-tol.html.

About Toll Brothers

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.

Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers Inc (NYSE:TOL).

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

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.