Bank OZK Acquires 745 Shares of Toll Brothers, Inc. (NYSE:TOL)

Bank OZK lifted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,586 shares of the construction company’s stock after purchasing an additional 745 shares during the quarter. Bank OZK’s holdings in Toll Brothers were worth $1,837,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. ORG Partners LLC bought a new stake in shares of Toll Brothers in the fourth quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in Toll Brothers during the third quarter worth $27,000. Brooklyn Investment Group bought a new stake in Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC raised its position in Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its position in Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This represents a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christine Garvey sold 420 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now directly owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,622 shares of company stock worth $1,993,880. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 0.9 %

TOL stock opened at $111.64 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The company’s 50-day simple moving average is $126.93 and its 200 day simple moving average is $140.76. Toll Brothers, Inc. has a 52 week low of $108.86 and a 52 week high of $169.52. The company has a market capitalization of $11.15 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors 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 0.82%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.33%.

Analyst Upgrades and Downgrades

TOL has been the topic of several analyst reports. Royal Bank of Canada dropped their price target on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Barclays dropped their price target on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research report on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. Bank of America dropped 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 report on Thursday, February 20th. Finally, Evercore ISI upped 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $147.57.

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.