Royal Bank of Canada Acquires 2,519 Shares of Toll Brothers, Inc. (NYSE:TOL)

Royal Bank of Canada raised its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,673 shares of the construction company's stock after purchasing an additional 2,519 shares during the period. Royal Bank of Canada owned 0.16% of Toll Brothers worth $20,488,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers in the fourth quarter valued at $27,000. Promus Capital LLC acquired a new position in Toll Brothers in the 4th quarter valued at about $29,000. IAG Wealth Partners LLC raised its stake in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares during the last quarter. DiNuzzo Private Wealth Inc. raised its stake in Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after purchasing an additional 250 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after purchasing an additional 75 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Down 3.5%

Toll Brothers stock traded down $3.73 during mid-day trading on Wednesday, hitting $104.20. The company's stock had a trading volume of 1,738,620 shares, compared to its average volume of 1,563,637. The firm's 50 day moving average is $101.46 and its 200 day moving average is $121.05. The company has a market cap of $10.41 billion, a PE ratio of 7.17, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. 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 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share 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 during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business earned $3.38 EPS. The business's quarterly revenue was down 3.5% on a year-over-year basis. On average, analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a dividend of $0.25 per share. This is a positive change 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 currently 7.42%.

Analysts Set New Price Targets

Several analysts have commented on TOL shares. Raymond James restated a "strong-buy" rating and issued a $130.00 price target (down previously from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. UBS Group restated a "buy" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Barclays restated an "underweight" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Royal Bank of Canada lowered their price target on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $130.00 price target (up previously from $120.00) on shares of Toll Brothers in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus price target of $141.36.

Toll Brothers 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.