Moran Wealth Management LLC Has $4.37 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Moran Wealth Management LLC grew its holdings in Toll Brothers, Inc. (NYSE:TOL) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,674 shares of the construction company’s stock after purchasing an additional 1,787 shares during the period. Moran Wealth Management LLC’s holdings in Toll Brothers were worth $4,367,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC acquired a new position in Toll Brothers during the fourth quarter worth $25,000. Capital Performance Advisors LLP acquired a new position in Toll Brothers during the third quarter worth $27,000. Brooklyn Investment Group acquired a new position in Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC increased its holdings 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 buying an additional 66 shares during the last quarter. Finally, Promus Capital LLC acquired a new position in Toll Brothers during the fourth quarter worth $29,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Trading Down 2.0 %

Shares of Toll Brothers stock opened at $107.08 on Tuesday. The firm has a 50-day moving average of $124.76 and a 200-day moving average of $139.87. The stock has a market cap of $10.65 billion, a PE ratio of 7.37, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 52-week low of $105.73 and a 52-week high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

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

Toll Brothers Announces Dividend

The company 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. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.86%. Toll Brothers’s dividend payout ratio is 6.33%.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their target price on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Keefe, Bruyette & Woods decreased their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Barclays decreased their price objective on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a report on Tuesday, February 25th. Finally, Bank of America decreased their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This represents a 35.08 % 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 204 shares of the company’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 directly owns 7,728 shares of the company’s stock, 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 15,622 shares of company stock valued at $1,993,880 over the last quarter. 1.54% of the stock is owned by company insiders.

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.