Sovereign Financial Group Inc. Makes New Investment in Toll Brothers, Inc. (NYSE:TOL)

Sovereign Financial Group Inc. bought a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) during the 3rd quarter, HoldingsChannel.com reports. The firm bought 1,971 shares of the construction company’s stock, valued at approximately $305,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ossiam grew its position in Toll Brothers by 122.8% in the fourth quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after acquiring an additional 4,159 shares during the period. Spouting Rock Asset Management LLC bought a new position in shares of Toll Brothers in the fourth quarter valued at approximately $475,000. Voisard Asset Management Group Inc. acquired a new stake in Toll Brothers during the 4th quarter valued at $67,000. Virtu Financial LLC raised its position in Toll Brothers by 90.4% in the 4th quarter. Virtu Financial LLC now owns 18,964 shares of the construction company’s stock valued at $1,949,000 after purchasing an additional 9,005 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Toll Brothers by 1.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock worth $112,124,000 after purchasing an additional 12,493 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on TOL shares. Evercore ISI increased their price objective on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and upped their target price for the stock from $112.00 to $124.00 in a research note on Monday, June 17th. Barclays boosted their target price on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $147.07.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the transaction, the chief executive officer now directly owns 246,382 shares in the company, valued at $38,068,482.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 191,257 shares of company stock valued at $28,646,402. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

TOL stock opened at $151.00 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers, Inc. has a 1 year low of $68.08 and a 1 year high of $156.08. The company’s 50-day moving average is $142.17 and its 200-day moving average is $129.24. The stock has a market capitalization of $15.50 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 1.21 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.73 earnings per share. Equities research analysts expect that Toll Brothers, Inc. will post 13.51 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

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.