Harvest Fund Management Co. Ltd Raises Stake in Toll Brothers, Inc. (NYSE:TOL)

Harvest Fund Management Co. Ltd boosted its position in Toll Brothers, Inc. (NYSE:TOL) by 72.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,266 shares of the construction company’s stock after buying an additional 1,791 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Toll Brothers were worth $439,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TOL. CWM LLC increased its holdings in shares of Toll Brothers by 48.9% during the third quarter. CWM LLC now owns 2,371 shares of the construction company’s stock worth $175,000 after buying an additional 779 shares in the last quarter. IFP Advisors Inc lifted its holdings in Toll Brothers by 87.1% during the 3rd quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after buying an additional 230 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Toll Brothers by 82.1% in the 3rd quarter. SG Americas Securities LLC now owns 2,724 shares of the construction company’s stock worth $201,000 after purchasing an additional 1,228 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Toll Brothers by 1.8% during the third quarter. State of Alaska Department of Revenue now owns 12,996 shares of the construction company’s stock valued at $961,000 after buying an additional 235 shares during the last quarter. Finally, U S Global Investors Inc. bought a new stake in shares of Toll Brothers in the 3rd quarter worth approximately $318,000. 91.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TOL has been the topic of several research reports. Wedbush restated a “neutral” rating and issued a $87.00 target price on shares of Toll Brothers in a research note on Wednesday, February 21st. Wolfe Research upgraded Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a research note on Monday, January 8th. Keefe, Bruyette & Woods upped their price objective on Toll Brothers from $120.00 to $135.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. raised their target price on shares of Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research report on Friday, February 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.80.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of Toll Brothers stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $41,167,500.70. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the sale, the director now owns 9,389 shares in the company, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. Insiders sold 66,500 shares of company stock worth $7,881,930 in the last quarter. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Trading Down 0.7 %

NYSE:TOL traded down $0.82 during trading hours on Wednesday, hitting $118.70. The stock had a trading volume of 824,824 shares, compared to its average volume of 1,382,458. The business’s 50 day moving average is $118.01 and its 200-day moving average is $99.95. The company has a market cap of $12.36 billion, a price-to-earnings ratio of 9.07, a P/E/G ratio of 0.95 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. Toll Brothers, Inc. has a one year low of $61.17 and a one year high of $130.63.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.48. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 earnings per share. Sell-side analysts anticipate that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend was Thursday, April 4th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s payout ratio is presently 7.11%.

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.