Woodline Partners LP bought a new stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 121,284 shares of the construction company's stock, valued at approximately $15,276,000. Woodline Partners LP owned about 0.12% of Toll Brothers at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its stake in Toll Brothers by 19.4% in the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after buying an additional 410,394 shares during the last quarter. Geode Capital Management LLC grew its stake in Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock valued at $276,263,000 after buying an additional 35,001 shares during the last quarter. Invesco Ltd. grew its stake in Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock valued at $239,751,000 after buying an additional 236,402 shares during the last quarter. Jennison Associates LLC grew its stake in Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock valued at $154,449,000 after buying an additional 341,980 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Toll Brothers by 24.6% in the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock valued at $153,234,000 after buying an additional 239,917 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Toll Brothers
In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated 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 transaction, the director now directly owns 13,186 shares of the company's stock, valued at $1,458,107.88. This trade represents a 3.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.54% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on TOL shares. Bank of America lowered their target price 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 report on Thursday, May 15th. Barclays restated an "underweight" rating on shares of Toll Brothers in a research report on Tuesday. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Toll Brothers in a research report on Tuesday. Finally, The Goldman Sachs Group decreased their price target on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. One equities 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 company's stock. Based on data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus price target of $143.64.
Check Out Our Latest Research Report on TOL
Toll Brothers Price Performance
NYSE:TOL opened at $104.10 on Thursday. The company has a 50-day moving average of $101.55 and a 200-day moving average of $122.58. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 7.16, a PEG ratio of 1.02 and a beta of 1.45. 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 quick ratio of 0.80 and a current ratio of 4.65.
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, topping 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%. The firm's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the firm earned $3.38 EPS. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.
Toll Brothers Increases Dividend
The firm also recently disclosed 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 represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. 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. Toll Brothers's dividend payout ratio (DPR) is presently 6.88%.
Toll Brothers Company Profile
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Free Report)
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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