Hilltop National Bank Has $937,000 Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Hilltop National Bank raised its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,439 shares of the construction company’s stock after purchasing an additional 229 shares during the period. Hilltop National Bank’s holdings in Toll Brothers were worth $937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of TOL. State Street Corp lifted its holdings in Toll Brothers by 1.2% in the third quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after buying an additional 42,871 shares during the period. Geode Capital Management LLC lifted its stake in shares of Toll Brothers by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock valued at $333,444,000 after purchasing an additional 84,652 shares during the period. FMR LLC boosted its position in shares of Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after purchasing an additional 431,160 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 2.2 %

TOL stock traded down $2.85 during mid-day trading on Friday, reaching $123.95. The company had a trading volume of 415,044 shares, compared to its average volume of 1,081,945. The company has a market capitalization of $12.40 billion, a price-to-earnings ratio of 8.25, a PEG ratio of 1.00 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. Toll Brothers, Inc. has a 52 week low of $95.46 and a 52 week high of $169.52. The stock has a 50 day simple moving average of $143.81 and a two-hundred day simple moving average of $140.23.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the previous year, the business earned $4.11 earnings per share. The business’s revenue was up 10.4% compared to the same quarter last year. As a group, equities analysts predict that Toll Brothers, Inc. will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio is presently 6.12%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TOL shares. JPMorgan Chase & Co. restated a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Evercore ISI boosted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada increased their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. UBS Group reduced their price target on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $158.07.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This represents a 10.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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 value of $514,695.18. Following the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,202 shares of company stock worth $5,903,186. Insiders own 1.54% of the company’s stock.

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.