Envestnet Asset Management Inc. Acquires 1,134 Shares of Toll Brothers, Inc. (NYSE:TOL)

Envestnet Asset Management Inc. raised its holdings in shares of Toll Brothers, Inc. (NYSE:TOL – Get Rating) by 5.0% during the fourth quarter, HoldingsChannel reports. The fund owned 23,870 shares of the construction company’s stock after purchasing an additional 1,134 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Toll Brothers were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Glassy Mountain Advisors Inc. bought a new stake in Toll Brothers during the 4th quarter valued at $37,000. Accurate Wealth Management LLC bought a new position in shares of Toll Brothers in the fourth quarter worth $50,000. Quadrant Capital Group LLC increased its holdings in shares of Toll Brothers by 109.9% in the third quarter. Quadrant Capital Group LLC now owns 1,331 shares of the construction company’s stock worth $56,000 after purchasing an additional 697 shares during the period. Global Wealth Management Investment Advisory Inc. increased its holdings in shares of Toll Brothers by 42.1% in the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,350 shares of the construction company’s stock worth $63,000 after purchasing an additional 400 shares during the period. Finally, Covestor Ltd increased its holdings in shares of Toll Brothers by 120.5% in the first quarter. Covestor Ltd now owns 1,495 shares of the construction company’s stock worth $70,000 after purchasing an additional 817 shares during the period. Institutional investors own 82.74% of the company’s stock.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 2,980 shares of the stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $60.13, for a total transaction of $179,187.40. Following the completion of the sale, the director now directly owns 8,284 shares in the company, valued at $498,116.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Christine Garvey sold 2,980 shares of the stock in a transaction dated Wednesday, April 12th. The shares were sold at an average price of $60.13, for a total transaction of $179,187.40. Following the completion of the sale, the director now directly owns 8,284 shares in the company, valued at $498,116.92. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carl B. Marbach sold 10,000 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $58.69, for a total transaction of $586,900.00. Following the sale, the director now owns 65,066 shares of the company’s stock, valued at $3,818,723.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,105 shares of company stock worth $831,824. Company insiders own 1.79% of the company’s stock.

Analysts Set New Price Targets

TOL has been the topic of several research analyst reports. Raymond James upped their price target on shares of Toll Brothers from $61.00 to $67.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. UBS Group upped their price target on shares of Toll Brothers from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Thursday, February 23rd. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Saturday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $55.00 target price on shares of Toll Brothers in a research report on Thursday, February 23rd. Finally, Bank of America upped their target price on shares of Toll Brothers from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.09.

Toll Brothers Stock Performance

NYSE TOL opened at $63.75 on Wednesday. The company has a 50-day simple moving average of $61.26 and a two-hundred day simple moving average of $55.93. The company has a quick ratio of 0.78, a current ratio of 5.59 and a debt-to-equity ratio of 0.52. Toll Brothers, Inc. has a 12-month low of $39.53 and a 12-month high of $67.54. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 5.53, a PEG ratio of 0.70 and a beta of 1.38.

Toll Brothers (NYSE:TOL – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The construction company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.33. Toll Brothers had a net margin of 12.92% and a return on equity of 21.02%. The business had revenue of $1.78 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the business posted $1.24 earnings per share. The company’s revenue was down .6% on a year-over-year basis. On average, equities analysts forecast that Toll Brothers, Inc. will post 8.66 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were issued a dividend of $0.21 per share. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Wednesday, April 5th. Toll Brothers’s dividend payout ratio is currently 7.29%.

About Toll Brothers

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.