Polar Asset Management Partners Inc. Decreases Stake in Toll Brothers, Inc. (NYSE:TOL)

Polar Asset Management Partners Inc. lowered its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 21.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,300 shares of the construction company's stock after selling 3,100 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Toll Brothers were worth $1,423,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after acquiring an additional 75 shares during the period. Nilsine Partners LLC grew its holdings in shares of Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock worth $2,433,000 after purchasing an additional 88 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Toll Brothers by 4.7% in the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock worth $251,000 after purchasing an additional 89 shares during the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of Toll Brothers by 5.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock worth $227,000 after purchasing an additional 100 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Toll Brothers by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock worth $762,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TOL. Oppenheimer cut their price target 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 restated a "strong-buy" rating and issued a $130.00 price target (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. 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. UBS Group restated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Finally, Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $141.36.

Toll Brothers Stock Down 0.6%

Shares of TOL stock traded down $0.68 during mid-day trading on Friday, hitting $104.37. 1,346,063 shares of the stock traded hands, compared to its average volume of 1,564,523. The stock has a market cap 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 stock's fifty day moving average is $101.18 and its two-hundred day moving average is $120.03. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. 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 (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating the consensus estimate of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Toll Brothers's revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $3.38 EPS. Equities analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.25 dividend. This is a positive change 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 was Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is presently 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.