Mesirow Institutional Investment Management Inc. Purchases 3,496 Shares of Toll Brothers, Inc. (NYSE:TOL)

Mesirow Institutional Investment Management Inc. boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 17.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,232 shares of the construction company's stock after acquiring an additional 3,496 shares during the period. Mesirow Institutional Investment Management Inc.'s holdings in Toll Brothers were worth $2,926,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of TOL. Fiduciary Alliance LLC bought a new stake in shares of Toll Brothers in the 4th quarter worth approximately $1,117,000. Franklin Resources Inc. boosted its holdings in Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock worth $27,659,000 after acquiring an additional 9,195 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Toll Brothers in the third quarter worth $12,506,000. Jennison Associates LLC increased its holdings in shares of 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 acquiring an additional 341,980 shares in the last quarter. Finally, Lecap Asset Management Ltd. boosted its stake in Toll Brothers by 721.8% in the 4th quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company's stock worth $2,087,000 after purchasing an additional 14,551 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Price Performance

Shares of TOL stock traded down $1.06 on Friday, hitting $100.00. 972,871 shares of the stock traded hands, compared to its average volume of 1,542,184. The firm has a market cap of $9.99 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 1.02 and a beta of 1.48. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The firm has a 50 day simple moving average of $103.64 and a two-hundred day simple moving average of $128.42. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week 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 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 analysts' expectations of $1.91 billion. As a group, equities research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. 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. Toll Brothers's payout ratio is 6.88%.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research note on Tuesday, February 25th. Oppenheimer decreased their price target on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Citigroup decreased their target price on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Finally, Bank of America dropped their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $144.79.

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.