New England Research & Management Inc. Makes New Investment in Toll Brothers, Inc. (NYSE:TOL)

New England Research & Management Inc. acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,710 shares of the construction company’s stock, valued at approximately $2,734,000. Toll Brothers makes up approximately 1.4% of New England Research & Management Inc.’s portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Alliance LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at $1,117,000. Franklin Resources Inc. increased its stake in shares of Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after buying an additional 9,195 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Toll Brothers in the third quarter valued at $12,506,000. Chartwell Investment Partners LLC increased its stake in shares of Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after buying an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in shares of Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after buying an additional 3,328 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TOL has been the topic of several recent research reports. UBS Group decreased their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Bank of America decreased their price target on Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a report on Monday. Wedbush reiterated an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a report on Wednesday, December 11th. Oppenheimer reiterated an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a report on Thursday, December 12th. Finally, Barclays decreased their price target on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.00.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is owned by insiders.

Toll Brothers Trading Down 1.3 %

NYSE TOL opened at $135.78 on Thursday. The firm has a market cap of $13.58 billion, a P/E ratio of 9.03, a P/E/G ratio of 1.04 and a beta of 1.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The stock’s 50-day moving average is $138.97 and its 200-day moving average is $142.37. Toll Brothers, Inc. has a one year low of $97.45 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. Toll Brothers’s revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm posted $4.11 earnings per share. Sell-side analysts anticipate that Toll Brothers, Inc. will post 14.25 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio is presently 6.12%.

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.