Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 71.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 53,971 shares of the construction company's stock after selling 133,440 shares during the quarter. Voloridge Investment Management LLC owned about 0.05% of Toll Brothers worth $6,798,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Toll Brothers during the 4th quarter valued at $149,924,000. Balyasny Asset Management L.P. boosted its holdings in Toll Brothers by 24,475.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company's stock valued at $140,400,000 after acquiring an additional 1,110,192 shares during the period. D1 Capital Partners L.P. bought a new stake in shares of Toll Brothers in the fourth quarter valued at about $106,428,000. Junto Capital Management LP bought a new stake in shares of Toll Brothers in the fourth quarter valued at about $54,929,000. Finally, FMR LLC lifted its holdings in Toll Brothers by 19.4% during the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after purchasing an additional 410,394 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Stock Performance

Shares of TOL traded down $1.59 during trading hours on Friday, reaching $103.46. 260,591 shares of the company traded hands, compared to its average volume of 1,558,435. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $10.33 billion, a P/E ratio of 7.12, a P/E/G ratio of 1.02 and a beta of 1.45. The business has a fifty day moving average price of $101.32 and a 200-day moving average price of $120.57.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Toll Brothers's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.38 EPS. Equities analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.97%. Toll Brothers's dividend payout ratio (DPR) is 7.42%.

Analyst Upgrades and Downgrades

TOL has been the topic of several research reports. Keefe, Bruyette & Woods reduced their price objective on Toll Brothers from $132.00 to $120.00 and set a "market perform" rating on the stock in a report on Tuesday, May 20th. Raymond James reiterated a "strong-buy" rating and issued a $130.00 price objective (down from $145.00) on shares of Toll Brothers in a report on Friday, May 23rd. Bank of America decreased their price objective on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Oppenheimer cut their price target on 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 analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and an average target price of $141.36.

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.