Toll Brothers, Inc. (NYSE:TOL) Stake Reduced by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 10.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,783,917 shares of the construction company's stock after selling 218,324 shares during the quarter. Dimensional Fund Advisors LP owned about 1.79% of Toll Brothers worth $224,690,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. ORG Partners LLC purchased a new position in shares of Toll Brothers during the 4th quarter worth about $25,000. Lee Danner & Bass Inc. purchased a new position in Toll Brothers during the fourth quarter worth approximately $27,000. Promus Capital LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at $29,000. IAG Wealth Partners LLC grew its stake 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 buying an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. increased its holdings in shares of Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Up 0.3 %

TOL stock traded up $0.33 during mid-day trading on Monday, hitting $100.41. 293,500 shares of the company were exchanged, compared to its average volume of 1,540,620. The company has a market capitalization of $10.03 billion, a PE ratio of 6.91, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The firm has a fifty day simple moving average of $103.64 and a 200 day simple moving average of $128.12. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS 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 firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. On average, research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, April 11th. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.00%. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 420 shares of the firm'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 approximately $1,458,107.88. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

TOL has been the subject of a number of research reports. Royal Bank of Canada lowered their price target on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company cut their price target 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. Wedbush reiterated an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Oppenheimer dropped their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, Bank of America reduced their target price on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two equities research 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's stock. According to MarketBeat, Toll Brothers currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.79.

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.