Peak Retirement Planning Inc. Invests $771,000 in Toll Brothers, Inc. (NYSE:TOL)

Peak Retirement Planning Inc. acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,120 shares of the construction company's stock, valued at approximately $771,000.

A number of other hedge funds also recently added to or reduced their stakes in TOL. Norges Bank purchased a new position in shares of Toll Brothers in the fourth quarter worth $149,924,000. Balyasny Asset Management L.P. increased its holdings in Toll Brothers by 24,475.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock worth $140,400,000 after buying an additional 1,110,192 shares in the last quarter. D1 Capital Partners L.P. purchased a new position in Toll Brothers in the 4th quarter worth about $106,428,000. Junto Capital Management LP bought a new position in Toll Brothers during the 4th quarter valued at about $54,929,000. Finally, FMR LLC boosted 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 during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TOL has been the topic of several research analyst reports. Wall Street Zen raised Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Raymond James reiterated a "strong-buy" rating and issued a $130.00 price target (down from $145.00) on shares of Toll Brothers in a research report on Friday. Barclays reissued an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Bank of America decreased their target price on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, The Goldman Sachs Group lowered their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $141.36.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded up $3.62 during trading hours on Tuesday, hitting $107.88. The company's stock had a trading volume of 2,083,683 shares, compared to its average volume of 1,562,936. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. 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 $101.44 and a two-hundred day moving average price of $121.14. The company has a market cap of $10.78 billion, a PE ratio of 7.42, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly 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 company had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the firm earned $3.38 EPS. The firm's revenue was down 3.5% compared to the same quarter last year. Analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is 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.