Pacer Advisors Inc. Grows Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Pacer Advisors Inc. raised its stake in Toll Brothers, Inc. (NYSE:TOL) by 21.0% during the 4th quarter, HoldingsChannel reports. The firm owned 28,653 shares of the construction company’s stock after acquiring an additional 4,972 shares during the quarter. Pacer Advisors Inc.’s holdings in Toll Brothers were worth $3,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted its holdings in 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 acquiring an additional 1,046,758 shares during the period. Westfield Capital Management Co. LP purchased a new position in shares of Toll Brothers in the third quarter valued at $111,562,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Toll Brothers during the 3rd quarter worth $38,985,000. Jennison Associates LLC increased its stake in Toll Brothers by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock worth $136,614,000 after buying an additional 229,603 shares during the period. Finally, Castleark Management LLC acquired a new position in Toll Brothers in the 3rd quarter worth $23,629,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on TOL. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday. Barclays lowered their price objective on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. UBS Group reduced their target price on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Bank of America reduced their price objective on Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Oppenheimer reissued an “outperform” rating and set a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.00.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,837 shares of the company’s 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 transaction, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 over the last ninety days. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Up 3.5 %

TOL opened at $140.57 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92. The company has a market capitalization of $14.06 billion, a PE ratio of 9.35, a P/E/G ratio of 1.04 and a beta of 1.74. The stock’s fifty day moving average is $138.65 and its 200-day moving average is $142.33. Toll Brothers, Inc. has a one year low of $97.45 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.29. The firm had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.11 earnings per share. On average, equities analysts predict that Toll Brothers, Inc. will post 14.25 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio is presently 6.12%.

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.