Kane Investment Management Inc. Takes $778,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Kane Investment Management Inc. bought a new stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,174 shares of the construction company's stock, valued at approximately $778,000.

A number of other large investors have also recently bought and sold shares of the business. ORG Partners LLC acquired a new stake in Toll Brothers during the fourth quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Toll Brothers during the 4th quarter valued at $27,000. Promus Capital LLC acquired a new stake in Toll Brothers in the fourth quarter worth $29,000. IAG Wealth Partners LLC boosted its position in shares of Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after purchasing an additional 238 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its stake in Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group lowered their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods dropped their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. UBS Group lowered their price target on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, Wedbush reiterated an "outperform" rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $144.79.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The stock was 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 owns 13,186 shares of the company's stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Performance

TOL traded up $2.06 during trading hours on Friday, hitting $93.87. The stock had a trading volume of 1,437,255 shares, compared to its average volume of 1,533,913. The stock has a market cap of $9.38 billion, a PE ratio of 6.46, a price-to-earnings-growth 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 company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The company's fifty day simple moving average is $106.17 and its 200 day simple moving average is $130.13.

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

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. Toll Brothers's payout ratio is 6.88%.

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.