Martin Capital Advisors LLP Acquires 251 Shares of Toll Brothers, Inc. (NYSE:TOL)

Martin Capital Advisors LLP boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,056 shares of the construction company’s stock after purchasing an additional 251 shares during the period. Martin Capital Advisors LLP’s holdings in Toll Brothers were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of TOL. Voss Capital LLC acquired a new stake in Toll Brothers during the 4th quarter valued at $8,223,000. Teachers Retirement System of The State of Kentucky grew its holdings in Toll Brothers by 87.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock worth $2,687,000 after acquiring an additional 16,993 shares during the last quarter. Natixis Advisors L.P. increased its position in Toll Brothers by 21.6% in the 3rd quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company’s stock valued at $993,000 after acquiring an additional 2,386 shares in the last quarter. Northern Trust Corp lifted its position in shares of Toll Brothers by 7.1% during the third quarter. Northern Trust Corp now owns 886,817 shares of the construction company’s stock worth $65,589,000 after purchasing an additional 58,448 shares in the last quarter. Finally, FCF Advisors LLC bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $979,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the transaction, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the sale, the chief executive officer now owns 346,382 shares in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen F. East sold 1,500 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the transaction, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,500 shares of company stock valued at $7,881,930. 1.54% of the stock is owned by insiders.

Toll Brothers Stock Performance

TOL traded down $0.95 during trading on Friday, hitting $112.21. 1,188,071 shares of the company traded hands, compared to its average volume of 1,396,159. Toll Brothers, Inc. has a one year low of $61.17 and a one year high of $130.63. The stock’s fifty day moving average is $117.23 and its 200 day moving average is $98.64. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. The firm has a market cap of $11.69 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 0.94 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last released its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.48. The firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.70 EPS. As a group, equities analysts predict that Toll Brothers, Inc. will post 13.71 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.23 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. Toll Brothers’s dividend payout ratio is presently 7.11%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Toll Brothers from $127.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, February 23rd. Wells Fargo & Company upped 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. Finally, Oppenheimer raised their target price on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a report on Thursday, March 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

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.