Neo Ivy Capital Management Takes $1.80 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Neo Ivy Capital Management purchased a new position in Toll Brothers, Inc. (NYSE:TOL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 14,256 shares of the construction company's stock, valued at approximately $1,795,000.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its position in Toll Brothers by 3.9% in the 3rd quarter. Barclays PLC now owns 233,681 shares of the construction company's stock valued at $36,103,000 after acquiring an additional 8,794 shares in the last quarter. Park Avenue Securities LLC raised its position in Toll Brothers by 7.3% in the 4th quarter. Park Avenue Securities LLC now owns 2,147 shares of the construction company's stock worth $270,000 after buying an additional 146 shares during the last quarter. HB Wealth Management LLC purchased a new position in Toll Brothers in the 4th quarter worth about $243,000. UMB Bank n.a. lifted its stake in Toll Brothers by 91.5% during the 4th quarter. UMB Bank n.a. now owns 519 shares of the construction company's stock valued at $65,000 after acquiring an additional 248 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Toll Brothers by 2.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 141,182 shares of the construction company's stock valued at $17,782,000 after acquiring an additional 3,560 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TOL. Wedbush restated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Barclays reissued an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Bank of America reduced their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada cut their target price on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research report on Friday, May 16th. Finally, Raymond James reiterated a "strong-buy" rating and set a $130.00 target price (down from $145.00) on shares of Toll Brothers in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus target price of $141.36.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded down $3.73 during midday trading on Wednesday, hitting $104.20. The company had a trading volume of 1,738,422 shares, compared to its average volume of 1,563,636. The company has a fifty day simple moving average of $101.46 and a 200 day simple moving average of $121.05. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 7.17, a PEG ratio of 1.02 and a beta of 1.45. 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, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company posted $3.38 earnings per share. The company's revenue was down 3.5% compared to the same quarter last year. As a group, analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.25 dividend. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers's 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.