111 Capital Invests $862,000 in Toll Brothers, Inc. (NYSE:TOL)

111 Capital purchased a new stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,843 shares of the construction company's stock, valued at approximately $862,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in Toll Brothers by 3.9% in the third quarter. Barclays PLC now owns 233,681 shares of the construction company's stock worth $36,103,000 after purchasing an additional 8,794 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in Toll Brothers by 69.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 5,730 shares of the construction company's stock worth $722,000 after purchasing an additional 2,344 shares during the period. Blue Trust Inc. grew its holdings in Toll Brothers by 136.3% in the fourth quarter. Blue Trust Inc. now owns 834 shares of the construction company's stock worth $105,000 after purchasing an additional 481 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Toll Brothers in the fourth quarter worth $15,253,000. Finally, KBC Group NV grew its holdings in Toll Brothers by 49.9% in the fourth quarter. KBC Group NV now owns 4,239 shares of the construction company's stock worth $534,000 after purchasing an additional 1,412 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on TOL shares. Evercore ISI restated an "outperform" rating and issued a $169.00 price target (up from $167.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Wells Fargo & Company reiterated an "overweight" rating and set a $130.00 price objective (up from $120.00) on shares of Toll Brothers in a report on Thursday, May 22nd. Raymond James reiterated a "strong-buy" rating and set a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Finally, Royal Bank of Canada reduced their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.36.

Toll Brothers Stock Performance

TOL traded down $0.68 during midday trading on Friday, reaching $104.37. The company had a trading volume of 1,346,063 shares, compared to its average volume of 1,564,642. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The stock has a market cap of $10.43 billion, a PE ratio of 7.18, 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 business has a 50-day moving average price of $101.18 and a two-hundred day moving average price of $120.24.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.38 earnings per share. On average, sell-side analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.25 dividend. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. Toll Brothers's dividend payout ratio (DPR) is presently 7.42%.

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.