HM Payson & Co. Buys 200 Shares of Toll Brothers, Inc. (NYSE:TOL)

HM Payson & Co. grew its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,200 shares of the construction company’s stock after purchasing an additional 200 shares during the period. HM Payson & Co.’s holdings in Toll Brothers were worth $400,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Simon Quick Advisors LLC bought a new stake in Toll Brothers during the 4th quarter worth approximately $26,000. Global Trust Asset Management LLC bought a new stake in Toll Brothers during the 3rd quarter worth approximately $28,000. Fieldpoint Private Securities LLC bought a new stake in Toll Brothers during the 4th quarter worth approximately $30,000. International Assets Investment Management LLC bought a new stake in Toll Brothers during the 4th quarter worth approximately $61,000. Finally, Advisory Services Network LLC increased its holdings in Toll Brothers by 1,506.3% during the 4th quarter. Advisory Services Network LLC now owns 1,526 shares of the construction company’s stock worth $67,000 after purchasing an additional 1,431 shares in the last quarter. 87.20% of the stock is owned by hedge funds and other institutional investors.

NYSE:TOL opened at $59.41 on Thursday. The company has a market cap of $7.31 billion, a P/E ratio of 17.22, a P/E/G ratio of 0.62 and a beta of 1.64. The stock’s fifty day moving average price is $55.54 and its two-hundred day moving average price is $49.40. Toll Brothers, Inc. has a 1 year low of $19.37 and a 1 year high of $60.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 5.82 and a quick ratio of 1.37.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, February 22nd. The construction company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.29. Toll Brothers had a return on equity of 9.42% and a net margin of 6.31%. The firm had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. The business’s quarterly revenue was up 17.4% on a year-over-year basis. On average, analysts expect that Toll Brothers, Inc. will post 4.58 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 23rd. Investors of record on Friday, April 9th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, April 8th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.11. Toll Brothers’s dividend payout ratio (DPR) is 12.94%.

In related news, Director Robert I. Toll sold 500,000 shares of the stock in a transaction on Friday, March 5th. The stock was sold at an average price of $53.29, for a total value of $26,645,000.00. Also, CFO Martin P. Connor sold 1,000 shares of the stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $58.91, for a total value of $58,910.00. Following the completion of the sale, the chief financial officer now owns 46,830 shares in the company, valued at approximately $2,758,755.30. The disclosure for this sale can be found here. Insiders sold 879,297 shares of company stock worth $48,330,709 in the last quarter. 10.94% of the stock is currently owned by company insiders.

Several equities analysts have recently issued reports on the company. BTIG Research upped their target price on Toll Brothers from $40.00 to $49.00 and gave the company a “sell” rating in a report on Thursday, February 25th. They noted that the move was a valuation call. Citigroup upped their target price on Toll Brothers from $51.00 to $62.00 in a report on Thursday, February 25th. Argus upped their target price on Toll Brothers from $56.00 to $62.00 in a report on Tuesday, March 2nd. Raymond James upped their target price on Toll Brothers from $55.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday, March 3rd. Finally, Credit Suisse Group upped their target price on Toll Brothers from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Wednesday, March 3rd. Four analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $52.13.

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. The company operates in two segments, Traditional Home Building and Urban Infill. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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