Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC increased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 14.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,525 shares of the construction company’s stock after buying an additional 563 shares during the period. Lebenthal Global Advisors LLC’s holdings in Toll Brothers were worth $570,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Alliance LLC purchased a new stake in shares of Toll Brothers during the fourth quarter worth about $1,117,000. Franklin Resources Inc. increased its holdings in Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after purchasing an additional 9,195 shares during the last quarter. World Investment Advisors LLC purchased a new stake in Toll Brothers during the 3rd quarter worth approximately $12,506,000. Chartwell Investment Partners LLC boosted its stake in shares of Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after buying an additional 14,092 shares during the last quarter. Finally, Avior Wealth Management LLC grew its position in shares of Toll Brothers by 4,894.1% during the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after buying an additional 3,328 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Up 3.7 %

TOL stock opened at $140.01 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The firm’s 50-day simple moving average is $139.51 and its 200 day simple moving average is $142.14. The stock has a market cap of $14.01 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.04 and a beta of 1.74. Toll Brothers, Inc. has a fifty-two week low of $97.45 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating 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 company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the company posted $4.11 earnings per share. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that Toll Brothers, Inc. will post 14.25 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.66%. Toll Brothers’s payout ratio is 6.12%.

Analyst Upgrades and Downgrades

TOL has been the topic of several recent analyst reports. Royal Bank of Canada upped their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Bank of America cut 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. UBS Group decreased their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Oppenheimer reaffirmed an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Finally, Citigroup decreased their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $156.00.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares in the company, valued at $16,088,349.18. This represents a 3.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now owns 7,728 shares in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,202 shares of company stock valued at $1,947,436. Company insiders own 1.54% of the company’s stock.

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.