Opinicus Capital Inc. Invests $1.49 Million in Toll Brothers, Inc. (NYSE:TOL)

Opinicus Capital Inc. acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,479 shares of the construction company’s stock, valued at approximately $1,488,000. Toll Brothers makes up approximately 1.5% of Opinicus Capital Inc.’s holdings, making the stock its 15th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. IFP Advisors Inc grew its position in shares of Toll Brothers by 87.1% during the third quarter. IFP Advisors Inc now owns 494 shares of the construction company’s stock worth $37,000 after buying an additional 230 shares in the last quarter. Castleview Partners LLC purchased a new stake in Toll Brothers during the third quarter worth approximately $37,000. Baker Avenue Asset Management LP lifted its stake in Toll Brothers by 23.1% during the third 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 last quarter. Fifth Third Bancorp lifted its stake 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 purchasing an additional 156 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Toll Brothers during the fourth quarter worth approximately $76,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded up $2.86 during trading hours on Friday, hitting $120.22. 735,437 shares of the company were exchanged, compared to its average volume of 1,083,275. Toll Brothers, Inc. has a 1 year low of $61.70 and a 1 year high of $130.63. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $118.95 and a 200-day moving average of $100.54. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 0.98 and a beta of 1.66.

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

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. Toll Brothers’s dividend payout ratio is currently 7.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group boosted their target price on Toll Brothers from $94.00 to $96.00 and gave the stock a “sell” rating in a research note on Thursday, February 22nd. Citigroup boosted their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Wedbush restated a “neutral” rating and set a $87.00 target price on shares of Toll Brothers in a research note on Wednesday, February 21st. JPMorgan Chase & Co. boosted their target price on Toll Brothers from $127.00 to $128.00 and gave the stock an “overweight” rating in a research note on Friday, February 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective on Toll Brothers from $120.00 to $135.00 and gave the company an “outperform” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.80.

Insider Buying and Selling

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $41,167,500.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $41,167,500.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carl B. Marbach sold 10,000 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the completion of the sale, the director now directly owns 34,069 shares in the company, valued at approximately $4,020,823.38. The disclosure for this sale can be found here. Insiders have sold 66,500 shares of company stock valued at $7,881,930 over the last quarter. Company insiders own 1.54% of the company’s stock.

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.