Graham Capital Management L.P. Increases Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Graham Capital Management L.P. raised its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 150.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,029 shares of the construction company's stock after acquiring an additional 36,708 shares during the quarter. Graham Capital Management L.P. owned approximately 0.06% of Toll Brothers worth $7,687,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after acquiring an additional 75 shares during the last quarter. Nilsine Partners LLC boosted its holdings in Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock valued at $2,433,000 after acquiring an additional 88 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in Toll Brothers by 4.7% in the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock valued at $251,000 after acquiring an additional 89 shares during the last quarter. Peapack Gladstone Financial Corp boosted its holdings in Toll Brothers by 5.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock valued at $227,000 after acquiring an additional 100 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Toll Brothers by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock valued at $762,000 after acquiring an additional 100 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business's stock in a transaction dated 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 transaction, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.54% of the stock is currently owned by insiders.

Toll Brothers Stock Up 1.3%

NYSE:TOL traded up $1.46 during trading hours on Tuesday, reaching $109.97. The company had a trading volume of 171,324 shares, compared to its average volume of 1,542,220. The firm has a market cap of $10.98 billion, a price-to-earnings ratio of 7.59, a P/E/G ratio of 1.02 and a beta of 1.45. 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 business's 50-day simple moving average is $101.70 and its two-hundred day simple moving average is $124.28. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data 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 the consensus estimate of $1.91 billion. On average, equities analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a dividend of $0.25 per share. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.91%. Toll Brothers's dividend payout ratio (DPR) is presently 6.88%.

Analysts Set New Price Targets

Several research analysts recently commented on TOL shares. Royal Bank of Canada cut their price target on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. StockNews.com raised Toll Brothers from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Bank of America reduced their target price on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $144.79.

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.