Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc lifted its stake in Toll Brothers, Inc. (NYSE:TOL) by 15.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 700 shares of the construction company’s stock after purchasing an additional 92 shares during the quarter. Versant Capital Management Inc’s holdings in Toll Brothers were worth $88,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 223 shares during the period. Commonwealth Equity Services LLC raised its stake in Toll Brothers by 6.0% during the second quarter. Commonwealth Equity Services LLC now owns 52,138 shares of the construction company’s stock worth $6,005,000 after purchasing an additional 2,944 shares during the period. Natixis Advisors LLC grew its stake in shares of Toll Brothers by 21.5% in the 2nd quarter. Natixis Advisors LLC now owns 22,955 shares of the construction company’s stock valued at $2,644,000 after buying an additional 4,065 shares during the period. National Bank of Canada FI increased its holdings in shares of Toll Brothers by 1.7% during the 2nd quarter. National Bank of Canada FI now owns 41,232 shares of the construction company’s stock worth $4,625,000 after buying an additional 680 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of Toll Brothers by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 29,163 shares of the construction company’s stock valued at $3,359,000 after buying an additional 551 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

TOL stock opened at $126.23 on Friday. The business’s 50-day moving average is $145.59 and its two-hundred day moving average is $139.98. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. The firm has a market capitalization of $12.63 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.00 and a beta of 1.74. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter last year, the company earned $4.11 earnings per share. The firm’s revenue was up 10.4% compared to the same quarter last year. Analysts anticipate that Toll Brothers, Inc. will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.73%. Toll Brothers’s payout ratio is currently 6.12%.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Christine Garvey sold 204 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 40,202 shares of company stock valued at $5,903,186 over the last quarter. 1.54% of the stock is owned by insiders.

Analysts Set New Price Targets

TOL has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered Toll Brothers from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. Evercore ISI raised their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada upped their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer reiterated an “outperform” rating and set a $189.00 price target on shares of Toll Brothers in a research report on Thursday, December 12th. Finally, Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.53.

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.