Chase Investment Counsel Corp Buys 2,000 Shares of Toll Brothers, Inc. (NYSE:TOL)

Chase Investment Counsel Corp increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 25.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000 shares of the construction company’s stock after buying an additional 2,000 shares during the quarter. Chase Investment Counsel Corp’s holdings in Toll Brothers were worth $1,259,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC lifted its position in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the period. ORG Partners LLC bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $25,000. Finally, DiNuzzo Private Wealth Inc. lifted its position in shares of Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after buying an additional 250 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,622 shares of company stock valued at $1,993,880 over the last three months. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 0.9 %

NYSE TOL opened at $111.64 on Friday. The stock has a fifty day moving average of $126.93 and a 200-day moving average of $140.76. The stock has a market capitalization of $11.15 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76. Toll Brothers, Inc. has a 52 week low of $108.86 and a 52 week high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, equities research analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.82%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods cut their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday. Bank of America cut their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Oppenheimer cut their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group cut their price objective on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, Royal Bank of Canada cut their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.57.

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.