PKO Investment Management Joint Stock Co Purchases New Stake in Toll Brothers, Inc. (NYSE:TOL)

PKO Investment Management Joint Stock Co acquired a new position in Toll Brothers, Inc. (NYSE:TOL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,500 shares of the construction company's stock, valued at approximately $1,071,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Old North State Trust LLC raised its position in shares of Toll Brothers by 150.7% in the fourth quarter. Old North State Trust LLC now owns 5,186 shares of the construction company's stock valued at $653,000 after purchasing an additional 3,117 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $6,289,000. Jefferies Financial Group Inc. raised its position in shares of Toll Brothers by 59.4% in the fourth quarter. Jefferies Financial Group Inc. now owns 7,790 shares of the construction company's stock valued at $981,000 after purchasing an additional 2,903 shares during the period. Challenger Wealth Management bought a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $327,000. Finally, Peak Retirement Planning Inc. bought a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $771,000. Institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Evercore ISI reissued an "outperform" rating and issued a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Barclays reaffirmed an "underweight" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Raymond James reaffirmed a "strong-buy" rating and set a $130.00 price objective (down previously from $145.00) on shares of Toll Brothers in a research note on Friday, May 23rd. Finally, Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $141.36.

Toll Brothers Price Performance

TOL stock 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 1,564,523. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a market capitalization of $10.43 billion, a P/E ratio of 7.18, a P/E/G ratio of 1.02 and a beta of 1.45. The firm has a 50-day moving average price of $101.18 and a 200-day moving average price of $119.79.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $2.74 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the prior year, the company earned $3.38 EPS. The firm's revenue was down 3.5% on a year-over-year basis. On average, research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed 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 a boost 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 dividend on an annualized basis and a dividend yield of 0.96%. Toll Brothers's dividend payout ratio is 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.