Mach 1 Financial Group LLC Takes $370,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Mach 1 Financial Group LLC purchased a new stake in Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,595 shares of the construction company’s stock, valued at approximately $370,000.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on TOL. Barclays boosted their target price on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an “underweight” rating in a research report on Monday, February 26th. StockNews.com raised shares of Toll Brothers from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Citigroup boosted their target price on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Wedbush reissued a “neutral” rating and issued a $87.00 price target on shares of Toll Brothers in a report on Wednesday, February 21st. Finally, Wolfe Research raised shares of Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.80.

Insider Activity

In related news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the transaction, the chief financial officer now owns 49,721 shares in the company, valued at approximately $5,770,122.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the transaction, the chief financial officer now owns 49,721 shares in the company, valued at approximately $5,770,122.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the transaction, the chief executive officer now owns 346,382 shares in the company, valued at approximately $41,167,500.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,500 shares of company stock worth $7,881,930. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 0.3 %

Shares of NYSE:TOL opened at $119.47 on Thursday. Toll Brothers, Inc. has a 52 week low of $61.70 and a 52 week high of $130.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95. The company’s fifty day moving average is $119.89 and its 200-day moving average is $101.71. The company has a market capitalization of $12.45 billion, a PE ratio of 9.23, a P/E/G ratio of 0.99 and a beta of 1.67.

Toll Brothers (NYSE:TOL) last issued its earnings results on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, beating the consensus estimate of $1.77 by $0.48. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company earned $1.70 EPS. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities research analysts predict that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

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

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.