Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 11,219.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,739 shares of the construction company's stock after purchasing an additional 135,531 shares during the period. GAMMA Investing LLC owned about 0.14% of Toll Brothers worth $14,438,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new position in shares of Toll Brothers during the fourth quarter worth $27,000. Promus Capital LLC acquired a new position in shares of Toll Brothers during the fourth quarter worth $29,000. IAG Wealth Partners LLC lifted 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. Smartleaf Asset Management LLC lifted 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. Finally, Quarry LP lifted its position in shares of Toll Brothers by 1,035.7% during the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after purchasing an additional 290 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on TOL shares. Barclays reissued an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. Keefe, Bruyette & Woods dropped their price target on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a research note on Tuesday, May 20th. Wall Street Zen upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Oppenheimer dropped their price target on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research note on Thursday, May 15th. Finally, Wedbush restated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average target price of $141.08.

Toll Brothers Stock Down 1.2%

TOL stock opened at $107.39 on Friday. 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 firm has a fifty day moving average price of $101.16 and a two-hundred day moving average price of $118.66. The firm has a market cap of $10.73 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating 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 firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the previous year, the firm earned $3.38 earnings per share. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently declared 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 an increase 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 annualized dividend and a dividend yield of 0.93%. 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.

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