Pitcairn Co. Has $417,000 Stake in Toll Brothers, Inc. (NYSE:TOL)

Pitcairn Co. lifted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,311 shares of the construction company’s stock after purchasing an additional 127 shares during the quarter. Pitcairn Co.’s holdings in Toll Brothers were worth $417,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Disciplined Investors L.L.C. acquired a new position in Toll Brothers in the 4th quarter valued at $349,000. Cinctive Capital Management LP acquired a new position in Toll Brothers in the fourth quarter valued at about $3,530,000. Bryce Point Capital LLC bought a new stake in Toll Brothers during the fourth quarter worth about $513,000. Huntington National Bank lifted its position in Toll Brothers by 61.9% during the fourth quarter. Huntington National Bank now owns 1,153 shares of the construction company’s stock worth $145,000 after purchasing an additional 441 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Toll Brothers during the fourth quarter worth about $3,617,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays cut their price target on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a report on Tuesday, February 25th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Evercore ISI lifted their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com raised Toll Brothers from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Bank of America lowered their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Stock Performance

NYSE TOL opened at $100.73 on Friday. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 6.93, a PEG ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a twelve month low of $95.00 and a twelve month high of $169.52. The stock has a fifty day simple moving average of $115.67 and a 200 day simple moving average of $134.93. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

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

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s dividend payout ratio is currently 6.88%.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the 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 completion of the sale, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.54% of the stock is owned by insiders.

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.