Vestcor Inc Acquires 6,728 Shares of Toll Brothers, Inc. (NYSE:TOL)

Vestcor Inc raised its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 820.5% during the fourth quarter, HoldingsChannel reports. The fund owned 7,548 shares of the construction company’s stock after purchasing an additional 6,728 shares during the quarter. Vestcor Inc’s holdings in Toll Brothers were worth $951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Larson Financial Group LLC grew its position in shares of Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after buying an additional 75 shares in the last quarter. Nilsine Partners LLC grew its holdings in Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock valued at $2,433,000 after buying an additional 88 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Toll Brothers by 15.1% during the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company’s stock valued at $88,000 after buying an additional 92 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Toll Brothers by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock worth $472,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Christine Garvey sold 420 shares of the firm’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,622 shares of company stock worth $1,993,880. Insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

TOL stock opened at $104.92 on Friday. The firm has a market cap of $10.43 billion, a P/E ratio of 7.22, a P/E/G ratio of 1.02 and a beta of 1.77. The firm’s fifty day moving average is $123.13 and its 200 day moving average is $138.78. Toll Brothers, Inc. has a 52 week low of $102.49 and a 52 week high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

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

Toll Brothers Increases Dividend

The business 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is 6.88%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Keefe, Bruyette & Woods decreased their price target on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. StockNews.com raised Toll Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Finally, UBS Group dropped their price target on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

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.