Everence Capital Management Inc. Makes New Investment in Toll Brothers, Inc. (NYSE:TOL)

Everence Capital Management Inc. purchased a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 2,290 shares of the construction company’s stock, valued at approximately $288,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted 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 last quarter. National Bank of Canada FI boosted its holdings in shares of Toll Brothers by 1.7% in the 2nd quarter. National Bank of Canada FI now owns 41,232 shares of the construction company’s stock worth $4,625,000 after purchasing an additional 680 shares in the last quarter. Arizona State Retirement System increased 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 purchasing an additional 551 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of Toll Brothers by 0.7% during the 2nd quarter. Private Advisor Group LLC now owns 26,050 shares of the construction company’s stock valued at $3,000,000 after buying an additional 180 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in Toll Brothers by 6.9% in the 2nd quarter. Ballentine Partners LLC now owns 1,824 shares of the construction company’s stock worth $210,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TOL. Keefe, Bruyette & Woods cut shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $168.00 to $164.00 in a research report on Tuesday, December 10th. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, December 11th. Citigroup lowered their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Evercore ISI raised their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.33.

Insider Buying and Selling at Toll Brothers

In related news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction on Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,202 shares of company stock valued at $5,903,186. 1.54% of the stock is owned by company insiders.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $123.84 on Wednesday. The business has a 50-day simple moving average of $145.10 and a two-hundred day simple moving average of $140.37. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The firm has a market cap of $12.39 billion, a price-to-earnings ratio of 8.24, a price-to-earnings-growth ratio of 1.00 and a beta of 1.74. Toll Brothers, Inc. has a fifty-two week low of $95.46 and a fifty-two week high of $169.52.

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

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

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.