MQS Management LLC Takes Position in Toll Brothers Inc. (NYSE:TOL)

MQS Management LLC acquired a new stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 6,148 shares of the construction company's stock, valued at approximately $649,000.

Several other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Toll Brothers during the 4th quarter valued at $149,924,000. Balyasny Asset Management L.P. lifted its holdings in shares of Toll Brothers by 24,475.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock valued at $140,400,000 after acquiring an additional 1,110,192 shares in the last quarter. D1 Capital Partners L.P. acquired a new position in shares of Toll Brothers during the 4th quarter valued at $106,428,000. Junto Capital Management LP acquired a new position in shares of Toll Brothers during the 4th quarter valued at $54,929,000. Finally, FMR LLC lifted its holdings in shares of Toll Brothers by 19.4% during the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after acquiring an additional 410,394 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TOL shares. Oppenheimer reduced their target price on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a report on Thursday, May 15th. Raymond James Financial reiterated a "strong-buy" rating and issued a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Royal Bank Of Canada cut their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Barclays reiterated an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, UBS Group reiterated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $141.85.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $120.98 on Friday. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. Toll Brothers Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The firm has a 50-day simple moving average of $109.33 and a 200 day simple moving average of $112.63. The company has a market cap of $11.88 billion, a PE ratio of 8.97, a P/E/G ratio of 1.26 and a beta of 1.36.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data 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. Toll Brothers had a net margin of 12.95% and a return on equity of 17.87%. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the firm earned $3.38 EPS. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Friday, July 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date is Friday, July 11th. Toll Brothers's dividend payout ratio is currently 7.42%.

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.

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