Cumberland Partners Ltd Boosts Position in Toll Brothers, Inc. (NYSE:TOL)

Cumberland Partners Ltd grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 22.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 88,515 shares of the construction company’s stock after purchasing an additional 15,955 shares during the period. Cumberland Partners Ltd’s holdings in Toll Brothers were worth $8,964,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Baker Avenue Asset Management LP boosted its position in shares of Toll Brothers by 23.1% during the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after acquiring an additional 127 shares during the last quarter. Nilsine Partners LLC boosted its position in shares of Toll Brothers by 0.8% during the 3rd quarter. Nilsine Partners LLC now owns 17,540 shares of the construction company’s stock valued at $1,297,000 after acquiring an additional 146 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Toll Brothers by 26.1% during the 3rd quarter. Fifth Third Bancorp now owns 754 shares of the construction company’s stock valued at $56,000 after acquiring an additional 156 shares during the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of Toll Brothers by 4.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,084 shares of the construction company’s stock valued at $302,000 after acquiring an additional 161 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Toll Brothers by 4.1% during the 3rd quarter. Inspire Investing LLC now owns 4,141 shares of the construction company’s stock valued at $306,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

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

Toll Brothers Stock Up 5.0 %

TOL stock traded up $5.69 during midday trading on Tuesday, hitting $119.50. The company’s stock had a trading volume of 1,366,656 shares, compared to its average volume of 1,389,617. The company has a market cap of $12.45 billion, a PE ratio of 9.24, a P/E/G ratio of 0.93 and a beta of 1.66. Toll Brothers, Inc. has a 12 month low of $61.17 and a 12 month high of $130.63. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The firm’s 50-day moving average is $117.62 and its 200-day moving average is $99.61.

Toll Brothers (NYSE:TOL) last announced 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 business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.70 EPS. On average, equities research analysts forecast that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 5th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.77%. Toll Brothers’s payout ratio is currently 7.11%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TOL. StockNews.com upgraded Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Wolfe Research raised Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a research note on Monday, January 8th. Barclays upped their price target on Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research note on Monday, February 26th. Citigroup increased their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Finally, The Goldman Sachs Group lifted their price target on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.80.

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.