Vestcor Inc Has $951,000 Holdings in Toll Brothers, Inc. (NYSE:TOL)

Vestcor Inc boosted its position in Toll Brothers, Inc. (NYSE:TOL) by 820.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,548 shares of the construction company’s stock after buying an additional 6,728 shares during the period. Vestcor Inc’s holdings in Toll Brothers were worth $951,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Moors & Cabot Inc. lifted its stake in shares of Toll Brothers by 15.0% in the 4th quarter. Moors & Cabot Inc. now owns 2,683 shares of the construction company’s stock valued at $338,000 after purchasing an additional 349 shares during the period. Wealthfront Advisers LLC increased its holdings in Toll Brothers by 450.0% in the fourth quarter. Wealthfront Advisers LLC now owns 8,547 shares of the construction company’s stock worth $1,076,000 after purchasing an additional 6,993 shares in the last quarter. Marathon Trading Investment Management LLC acquired a new position in Toll Brothers in the fourth quarter valued at approximately $630,000. Vista Investment Partners II LLC bought a new position in shares of Toll Brothers during the 4th quarter worth approximately $1,213,000. Finally, Independent Advisor Alliance grew its position in shares of Toll Brothers by 10.1% during the 4th quarter. Independent Advisor Alliance now owns 2,450 shares of the construction company’s stock worth $309,000 after buying an additional 225 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction that occurred on 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 sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,622 shares of company stock worth $1,993,880. Insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America cut their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Barclays decreased their target price on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Wells Fargo & Company decreased their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Finally, Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Toll Brothers Trading Up 1.8 %

NYSE:TOL opened at $104.92 on Friday. Toll Brothers, Inc. has a 52 week low of $102.49 and a 52 week high of $169.52. The firm has a 50-day moving average price of $123.13 and a two-hundred day moving average price of $138.78. The firm has a market cap of $10.43 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. 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 issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, equities analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s payout ratio is 6.88%.

Toll Brothers Company 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.