Boothbay Fund Management LLC Has $3.41 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Boothbay Fund Management LLC lowered its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 49.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,083 shares of the construction company's stock after selling 26,721 shares during the quarter. Boothbay Fund Management LLC's holdings in Toll Brothers were worth $3,411,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. ORG Partners LLC bought a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new stake in Toll Brothers in the fourth quarter worth approximately $27,000. Promus Capital LLC acquired a new position in shares of Toll Brothers during the 4th quarter worth $29,000. IAG Wealth Partners LLC raised its holdings in shares of Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its stake in shares of Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after purchasing an additional 250 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded up $0.31 during trading on Thursday, reaching $101.18. The company's stock had a trading volume of 1,231,395 shares, compared to its average volume of 1,860,305. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52. The stock has a 50-day moving average price of $102.86 and a two-hundred day moving average price of $127.41. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $10.11 billion, a P/E ratio of 6.96, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is presently 6.88%.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent analyst reports. Royal Bank of Canada cut their price objective on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. StockNews.com lowered Toll Brothers from a "hold" rating to a "sell" rating in a report on Friday, April 25th. The Goldman Sachs Group reduced their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.79.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.54% of the stock is currently owned by insiders.

Toll Brothers Company 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.