Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 75.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,718 shares of the construction company’s stock after purchasing an additional 41,031 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.09% of Toll Brothers worth $12,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of TOL. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $26,000. Contravisory Investment Management Inc. purchased a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $34,000. Rise Advisors LLC purchased a new stake in shares of Toll Brothers in the 1st quarter valued at approximately $35,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $36,000. Finally, Castleview Partners LLC purchased a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In related news, Director Carl B. Marbach sold 10,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were 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 directly owns 34,069 shares of the company’s stock, valued at $4,020,823.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Carl B. Marbach sold 10,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the transaction, the director now directly owns 34,069 shares in the company, valued at $4,020,823.38. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen F. East sold 1,500 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the transaction, the director now owns 9,389 shares in the company, valued at $1,120,295.48. The disclosure for this sale can be found here. Insiders sold a total of 66,500 shares of company stock valued at $7,881,930 over the last ninety days. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 2.0 %

Shares of Toll Brothers stock traded up $2.39 during trading on Friday, hitting $123.63. 1,116,164 shares of the stock were exchanged, compared to its average volume of 1,101,907. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.01 and a beta of 1.67. The firm’s 50-day moving average price is $120.36 and its 200 day moving average price is $102.42. Toll Brothers, Inc. has a 12-month low of $62.26 and a 12-month high of $130.63. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.48. The business had revenue of $1.95 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.70 EPS. As a group, 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 declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were given a $0.23 dividend. The ex-dividend date was Thursday, April 4th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. Toll Brothers’s payout ratio is 7.11%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. lifted their target price 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. Wolfe Research upgraded shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 target price for the company in a report on Monday, January 8th. Citigroup lifted their target price on shares of Toll Brothers from $116.00 to $138.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Wells Fargo & Company lifted their target price on shares of Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.