FJ Capital Management LLC Purchases New Position in Toll Brothers, Inc. (NYSE:TOL)

FJ Capital Management LLC bought a new position in Toll Brothers, Inc. (NYSE:TOL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,094 shares of the construction company's stock, valued at approximately $3,664,000.

Other hedge funds also recently made changes to their positions in the company. Fiduciary Alliance LLC purchased a new stake in Toll Brothers during the fourth quarter valued at approximately $1,117,000. Franklin Resources Inc. raised its position in Toll Brothers by 5.4% during the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock valued at $27,659,000 after purchasing an additional 9,195 shares during the period. Jennison Associates LLC raised its position in Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock valued at $154,449,000 after purchasing an additional 341,980 shares during the period. Lecap Asset Management Ltd. raised its position in Toll Brothers by 721.8% during the fourth quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company's stock valued at $2,087,000 after purchasing an additional 14,551 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Toll Brothers by 66.7% during the fourth quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company's stock valued at $666,000 after purchasing an additional 2,116 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of analyst reports. Barclays cut their target price on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price objective on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. UBS Group lowered their target price on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a report on Thursday, February 20th. StockNews.com upgraded Toll Brothers from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Finally, The Goldman Sachs Group decreased their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $144.79.

Toll Brothers Price Performance

TOL traded up $4.90 during trading on Monday, reaching $108.40. The company's stock had a trading volume of 1,213,993 shares, compared to its average volume of 1,547,258. 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 firm has a fifty day simple moving average of $101.74 and a two-hundred day simple moving average of $124.56. Toll Brothers, Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a market cap of $10.83 billion, a price-to-earnings ratio of 7.46, 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, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.91 billion. As a group, analysts anticipate 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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is presently 6.88%.

Insider Activity

In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This trade represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.54% of the company's stock.

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.