First Trust Direct Indexing L.P. Has $448,000 Holdings in Toll Brothers, Inc. (NYSE:TOL)

First Trust Direct Indexing L.P. grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,358 shares of the construction company’s stock after acquiring an additional 274 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Toll Brothers were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Castleview Partners LLC bought a new position in shares of Toll Brothers during the third quarter valued at $37,000. Baker Avenue Asset Management LP increased its stake in shares of Toll Brothers by 23.1% in the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after buying an additional 127 shares during the period. Fifth Third Bancorp lifted its stake in shares of Toll Brothers by 26.1% in the third quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock worth $56,000 after acquiring an additional 156 shares during the period. GAMMA Investing LLC acquired a new stake in Toll Brothers during the 4th quarter valued at approximately $76,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Toll Brothers in the 4th quarter valued at $113,000. Institutional investors own 91.76% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at $5,770,122.05. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the completion of the transaction, the chief financial officer now owns 49,721 shares of the company’s stock, valued at $5,770,122.05. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the completion of the sale, the director now owns 34,069 shares in the company, valued at $4,020,823.38. The disclosure for this sale can be found here. Insiders sold a total of 66,500 shares of company stock worth $7,881,930 in the last quarter. 1.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TOL. The Goldman Sachs Group increased their price objective on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research report on Thursday, February 22nd. Wells Fargo & Company boosted their price objective on Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Wedbush reiterated a “neutral” rating and set a $87.00 price objective on shares of Toll Brothers in a report on Wednesday, February 21st. Finally, Wolfe Research raised Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective for the company in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $113.80.

Toll Brothers Stock Performance

Shares of TOL opened at $123.63 on Monday. The stock’s fifty day moving average price is $120.36 and its two-hundred day moving average price is $102.64. Toll Brothers, Inc. has a 1 year low of $62.26 and a 1 year high of $130.63. The firm has a market cap of $12.88 billion, a PE ratio of 9.55, a PEG ratio of 1.03 and a beta of 1.67. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65.

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

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date was Thursday, April 4th. Toll Brothers’s payout ratio is presently 7.11%.

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.