Two Sigma Advisers LP Acquires 70,800 Shares of Toll Brothers, Inc. (NYSE:TOL)

Two Sigma Advisers LP increased its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 104.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 138,600 shares of the construction company's stock after acquiring an additional 70,800 shares during the quarter. Two Sigma Advisers LP owned about 0.14% of Toll Brothers worth $17,457,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of TOL. Lee Danner & Bass Inc. bought a new stake in Toll Brothers during the fourth quarter valued at approximately $27,000. Promus Capital LLC bought a new stake in Toll Brothers during the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC lifted its position in Toll Brothers by 1,034.8% during the fourth 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 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 acquiring an additional 250 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake 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 acquiring an additional 75 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TOL. Bank of America decreased their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Oppenheimer decreased their price target 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. Wells Fargo & Company reissued an "overweight" rating and set a $130.00 price target (up from $120.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Wall Street Zen raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Raymond James reissued a "strong-buy" rating and set a $130.00 price target (down from $145.00) on shares of Toll Brothers in a research note on Friday. One 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $141.36.

Toll Brothers Trading Up 2.4%

NYSE:TOL traded up $2.48 during trading hours on Tuesday, hitting $106.74. The company had a trading volume of 439,429 shares, compared to its average volume of 1,556,918. The company has a market capitalization of $10.66 billion, a PE ratio of 7.37, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The stock has a 50-day moving average price of $101.44 and a 200 day moving average price of $121.14. 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 released its quarterly 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. The business had revenue of $2.74 billion for the quarter, compared to analysts' expectations of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.38 earnings per share. On average, equities research analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a $0.25 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 0.94%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is 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.