Foundations Investment Advisors LLC Purchases 367 Shares of Toll Brothers, Inc. (NYSE:TOL)

Foundations Investment Advisors LLC increased its position in Toll Brothers, Inc. (NYSE:TOL) by 15.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,717 shares of the construction company’s stock after buying an additional 367 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Toll Brothers were worth $342,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the 3rd quarter worth about $27,000. Brooklyn Investment Group bought a new stake in Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC raised its position in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during the last quarter. ORG Partners LLC bought a new position in shares of Toll Brothers during the fourth quarter valued at about $25,000. Finally, UMB Bank n.a. boosted its stake in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after buying an additional 207 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Down 3.4 %

Shares of NYSE TOL opened at $135.88 on Friday. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average of $138.41 and a 200-day moving average of $142.31. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.17 and a beta of 1.74. Toll Brothers, Inc. has a 12 month low of $97.45 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the prior year, the firm earned $4.11 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Sell-side analysts expect that Toll Brothers, Inc. will post 14.15 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company 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. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Insider Activity at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,202 shares of company stock valued at $1,947,436. Corporate insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Wednesday, December 11th. Bank of America dropped their target price on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Evercore ISI lifted their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

About Toll Brothers

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.