Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Harvest Investment Services LLC

Harvest Investment Services LLC raised its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 932.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,996 shares of the construction company's stock after acquiring an additional 13,543 shares during the quarter. Harvest Investment Services LLC's holdings in Toll Brothers were worth $1,889,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC lifted its position in shares of Toll Brothers by 57.5% during the 4th quarter. Hsbc Holdings PLC now owns 83,124 shares of the construction company's stock worth $10,520,000 after purchasing an additional 30,353 shares during the last quarter. Stifel Financial Corp lifted its holdings in Toll Brothers by 3.6% during the 4th quarter. Stifel Financial Corp now owns 14,118 shares of the construction company's stock worth $1,778,000 after buying an additional 495 shares during the last quarter. TD Waterhouse Canada Inc. boosted its position in shares of Toll Brothers by 36.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 15,306 shares of the construction company's stock worth $1,927,000 after acquiring an additional 4,113 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Toll Brothers by 248.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,646 shares of the construction company's stock valued at $1,341,000 after acquiring an additional 7,591 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. increased its holdings in shares of Toll Brothers by 17.7% in the 4th quarter. Mesirow Institutional Investment Management Inc. now owns 23,232 shares of the construction company's stock valued at $2,926,000 after acquiring an additional 3,496 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TOL. Royal Bank of Canada lowered their price target on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Citigroup cut their price target on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Barclays decreased their price objective on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. UBS Group reduced 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. Finally, Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $144.79.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded down $1.06 on Friday, reaching $100.00. 972,871 shares of the stock were exchanged, compared to its average volume of 1,545,424. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $9.99 billion, a PE ratio of 6.88, a PEG ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The business has a fifty day moving average price of $103.64 and a two-hundred day moving average price of $128.27.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

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

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.