4,177 Shares in Toll Brothers Inc. $TOL Purchased by Havemeyer Place LP

Havemeyer Place LP purchased a new position in shares of Toll Brothers Inc. (NYSE:TOL) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 4,177 shares of the construction company’s stock, valued at approximately $565,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TOL. Wiser Advisor Group LLC purchased a new position in shares of Toll Brothers during the third quarter worth about $27,000. Abich Financial Wealth Management LLC purchased a new position in shares of Toll Brothers during the third quarter worth about $28,000. Ramirez Asset Management Inc. purchased a new position in shares of Toll Brothers during the third quarter worth about $28,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Toll Brothers during the third quarter worth about $29,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toll Brothers during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity

In other news, Director Stephen F. East sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $139.70, for a total transaction of $139,700.00. Following the completion of the sale, the director directly owned 13,442 shares in the company, valued at approximately $1,877,847.40. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.37% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $137.23 on Tuesday. Toll Brothers Inc. has a twelve month low of $104.09 and a twelve month high of $168.36. The stock’s 50 day moving average is $138.16 and its two-hundred day moving average is $142.11. The firm has a market capitalization of $12.83 billion, a PE ratio of 10.38, a P/E/G ratio of 1.14 and a beta of 1.36. The company has a current ratio of 4.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 19th. The construction company reported $2.72 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.14. Toll Brothers had a return on equity of 15.47% and a net margin of 11.66%.The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the previous year, the company earned $3.50 EPS. The firm’s revenue for the quarter was down 7.6% compared to the same quarter last year. Research analysts anticipate that Toll Brothers Inc. will post 12.67 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Friday, April 10th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, April 10th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.25. Toll Brothers’s payout ratio is 7.87%.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of research reports. Weiss Ratings lowered Toll Brothers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 22nd. Argus set a $170.00 price target on Toll Brothers in a report on Tuesday, June 2nd. Royal Bank Of Canada lowered their price target on Toll Brothers from $161.00 to $158.00 and set an “outperform” rating on the stock in a report on Thursday, May 21st. JPMorgan Chase & Co. raised their price target on Toll Brothers from $141.00 to $143.00 and gave the stock an “overweight” rating in a report on Monday, February 23rd. Finally, Wells Fargo & Company lifted their price objective on Toll Brothers from $170.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $164.13.

Toll Brothers Profile

Toll Brothers, Inc is a publicly traded homebuilding company that focuses on designing and constructing luxury residential properties. The company’s core business encompasses a broad range of housing products, including custom single-family homes, upscale condominium communities and rental apartment ventures. Toll Brothers emphasizes high-end finishes and architectural craftsmanship, positioning itself in the premium segment of the U.S. housing market.

In addition to traditional homebuilding, Toll Brothers operates specialized divisions to address evolving consumer preferences.