Toll Brothers, Inc. (NYSE:TOL) Shares Sold by First Heartland Consultants Inc.

First Heartland Consultants Inc. lessened its stake in Toll Brothers, Inc. (NYSE:TOL) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,959 shares of the construction company’s stock after selling 200 shares during the quarter. First Heartland Consultants Inc.’s holdings in Toll Brothers were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TOL. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers during the fourth quarter worth $27,000. Promus Capital LLC acquired a new stake in Toll Brothers during the fourth quarter worth $29,000. IAG Wealth Partners LLC increased its stake in Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after acquiring an additional 238 shares during the last quarter. DiNuzzo Private Wealth Inc. increased its stake in Toll Brothers by 806.5% during 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. Finally, Smartleaf Asset Management LLC increased its stake in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TOL. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Toll Brothers in a report on Tuesday. Wedbush reaffirmed an “outperform” rating on shares of Toll Brothers in a research note on Tuesday. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Evercore ISI raised their target price on Toll Brothers from $167.00 to $169.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Barclays reiterated an “underweight” rating on shares of Toll Brothers in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.29.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now directly owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 0.2%

Shares of Toll Brothers stock opened at $104.21 on Friday. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a 50 day moving average of $101.51 and a 200 day moving average of $122.28. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $10.41 billion, a P/E ratio of 7.17, a P/E/G ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm earned $3.38 earnings per share. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, research analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given 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 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers’s dividend payout ratio is currently 7.42%.

Toll Brothers 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.