Aviance Capital Partners LLC Purchases 701 Shares of Toll Brothers, Inc. (NYSE:TOL)

Aviance Capital Partners LLC grew its position in Toll Brothers, Inc. (NYSE:TOL) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,267 shares of the construction company’s stock after acquiring an additional 701 shares during the quarter. Aviance Capital Partners LLC’s holdings in Toll Brothers were worth $2,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of TOL. Register Financial Advisors LLC purchased a new position in shares of Toll Brothers in the 1st quarter worth approximately $26,000. Contravisory Investment Management Inc. purchased a new position in shares of Toll Brothers in the 1st quarter worth approximately $34,000. Rise Advisors LLC purchased a new position in shares of Toll Brothers in the 1st quarter worth approximately $35,000. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of Toll Brothers in the 4th quarter worth approximately $36,000. Finally, Baker Avenue Asset Management LP boosted its holdings in shares of Toll Brothers by 23.1% in the 3rd quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock worth $50,000 after purchasing an additional 127 shares during the period. 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 3,806 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $121.84, for a total value of $463,723.04. Following the completion of the transaction, the chief financial officer now directly owns 24,721 shares of the company’s stock, valued at approximately $3,012,006.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, 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 transaction of $178,980.00. Following the transaction, the director now directly owns 9,389 shares of the company’s stock, valued at approximately $1,120,295.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin P. Connor sold 3,806 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $121.84, for a total value of $463,723.04. Following the transaction, the chief financial officer now directly owns 24,721 shares in the company, valued at $3,012,006.64. The disclosure for this sale can be found here. In the last three months, insiders sold 21,670 shares of company stock valued at $2,586,315. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TOL shares. StockNews.com upgraded Toll Brothers from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Royal Bank of Canada boosted their price objective on Toll Brothers from $122.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Keefe, Bruyette & Woods boosted their price objective on Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. Argus boosted their price objective on Toll Brothers from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Barclays boosted their price objective on Toll Brothers from $115.00 to $118.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $129.07.

Toll Brothers Stock Down 0.8 %

NYSE TOL traded down $0.90 on Monday, reaching $114.28. 78,887 shares of the stock traded hands, compared to its average volume of 1,374,715. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. The company has a fifty day moving average price of $121.22 and a 200-day moving average price of $113.93. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 0.94 and a beta of 1.67. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $135.37.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $4.13 by ($0.75). The firm had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.58 billion. Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $2.85 earnings per share. As a group, research analysts forecast that Toll Brothers, Inc. will post 12.94 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Friday, July 5th. Toll Brothers’s payout ratio is 6.28%.

Toll Brothers Company 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.