Two Sigma Investments LP Acquires Shares of 8,798 Toll Brothers, Inc. (NYSE:TOL)

Two Sigma Investments LP bought a new position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,798 shares of the construction company's stock, valued at approximately $1,108,000.

Several other large investors have also recently modified their holdings of the business. Lee Danner & Bass Inc. purchased a new position in Toll Brothers during the 4th quarter valued at about $27,000. Promus Capital LLC bought a new position in shares of Toll Brothers in the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC grew its stake 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 acquiring an additional 238 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after acquiring an additional 75 shares during the period. Finally, Quarry LP lifted its stake in Toll Brothers by 1,035.7% in the 4th 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. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on TOL shares. Barclays restated an "underweight" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. The Goldman Sachs Group dropped their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. UBS Group restated a "buy" rating on shares of Toll Brothers in a research 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 on the stock in a report on Friday, May 16th. Finally, Wells Fargo & Company dropped their price target on Toll Brothers from $130.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $141.00.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $108.63 on Friday. The stock's 50-day moving average is $101.11 and its 200 day moving average is $118.97. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data 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 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 period in the previous year, the business posted $3.38 EPS. The business's quarterly revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a $0.25 dividend. The ex-dividend date was Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.92%. Toll Brothers's payout ratio is currently 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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