Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Crestline Management LP

Crestline Management LP reduced its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 34.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,571 shares of the construction company's stock after selling 6,107 shares during the period. Crestline Management LP's holdings in Toll Brothers were worth $1,457,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TOL. FMR LLC increased its stake in shares of Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock worth $318,509,000 after acquiring an additional 410,394 shares during the period. Geode Capital Management LLC grew its position in Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock valued at $276,263,000 after acquiring an additional 35,001 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock valued at $239,751,000 after buying an additional 236,402 shares during the period. Jennison Associates LLC lifted its stake in Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock worth $154,449,000 after purchasing an additional 341,980 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Toll Brothers by 24.6% during the fourth quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock worth $153,234,000 after acquiring an additional 239,917 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reduced their target price on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. Bank of America reduced their price objective on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Wedbush reissued an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Friday, February 14th. Barclays reduced their price target on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $144.79.

Toll Brothers Stock Performance

Toll Brothers stock traded up $4.90 during midday trading on Monday, reaching $108.40. The stock had a trading volume of 1,213,993 shares, compared to its average volume of 1,547,258. The firm has a market capitalization of $10.83 billion, a PE ratio of 7.46, a P/E/G ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The firm's 50-day moving average price is $101.74 and its 200 day moving average price is $124.56. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

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

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a dividend of $0.25 per share. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.54% of the stock is 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.