Teza Capital Management LLC Acquires Shares of 26,862 Toll Brothers, Inc. (NYSE:TOL)

Teza Capital Management LLC purchased a new position in Toll Brothers, Inc. (NYSE:TOL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,862 shares of the construction company's stock, valued at approximately $3,383,000.

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

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Trading Down 0.4%

Shares of TOL traded down $0.41 during trading hours on Wednesday, hitting $104.10. 4,774,231 shares of the stock were exchanged, compared to its average volume of 1,572,149. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two 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. The business has a 50-day moving average of $101.57 and a 200-day moving average of $122.71. The firm has a market capitalization of $10.40 billion, a P/E ratio of 7.16, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, topping the consensus estimate 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 period in the prior year, the company posted $3.38 earnings per share. Toll Brothers's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, April 11th. 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%. Toll Brothers's dividend payout ratio is 6.88%.

Wall Street Analysts Forecast Growth

TOL has been the topic of several research reports. Wedbush reaffirmed an "outperform" rating on shares of Toll Brothers in a research report on Tuesday. Bank of America cut their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. StockNews.com raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Finally, Oppenheimer lowered their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $143.64.

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.