Handelsbanken Fonder AB Raises Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Handelsbanken Fonder AB grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 17.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 26,000 shares of the construction company’s stock after acquiring an additional 3,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Toll Brothers were worth $3,275,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Creative Planning increased its holdings in Toll Brothers by 11.5% in the 3rd quarter. Creative Planning now owns 10,323 shares of the construction company’s stock worth $1,595,000 after acquiring an additional 1,063 shares in the last quarter. Blue Trust Inc. grew its position in shares of Toll Brothers by 111.4% in the third quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock valued at $55,000 after purchasing an additional 186 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of Toll Brothers by 74.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock worth $90,000 after purchasing an additional 249 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Toll Brothers by 15.0% during the third quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the construction company’s stock worth $333,000 after purchasing an additional 281 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Toll Brothers by 77.0% during the 3rd quarter. Signaturefd LLC now owns 1,673 shares of the construction company’s stock worth $258,000 after purchasing an additional 728 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were 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 in the company, valued at $972,027.84. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,202 shares of company stock worth $1,947,436. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $111.45 on Monday. The company’s 50-day moving average is $128.57 and its two-hundred day moving average is $141.49. Toll Brothers, Inc. has a 1-year low of $107.79 and a 1-year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 7.67, a PEG ratio of 1.02 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last released 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). The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers’s payout ratio is 6.33%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. 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 note on Thursday. Wells Fargo & Company dropped their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Thursday. UBS Group decreased their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group dropped their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a report on Thursday. Finally, Bank of America decreased their price target 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $150.86.

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.