Nokomis Capital L.L.C. Invests $516,000 in Toll Brothers, Inc. (NYSE:TOL)

Nokomis Capital L.L.C. bought a new position in Toll Brothers, Inc. (NYSE:TOL - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,100 shares of the construction company's stock, valued at approximately $516,000.

A number of other institutional investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its stake in Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after purchasing an additional 75 shares in the last quarter. Nilsine Partners LLC boosted its stake in Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock worth $2,433,000 after purchasing an additional 88 shares in the last quarter. Insigneo Advisory Services LLC boosted its stake in Toll Brothers by 4.7% in the 4th quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock worth $251,000 after purchasing an additional 89 shares in the last quarter. Peapack Gladstone Financial Corp boosted its stake in Toll Brothers by 5.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock worth $227,000 after purchasing an additional 100 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Toll Brothers by 1.7% in the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock worth $762,000 after purchasing an additional 100 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of TOL traded up $0.63 during trading hours on Friday, hitting $107.01. The stock had a trading volume of 1,465,142 shares, compared to its average volume of 1,550,401. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The firm has a 50-day moving average price of $101.56 and a 200 day moving average price of $123.46. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its 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 firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, April 11th. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. Toll Brothers's dividend payout ratio is currently 6.88%.

Wall Street Analyst Weigh In

Several analysts have commented on TOL shares. Oppenheimer decreased their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research note on Thursday. Wells Fargo & Company decreased their price objective on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. 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. The Goldman Sachs Group decreased their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. One 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 stock. According to MarketBeat, Toll Brothers currently has a consensus rating of "Moderate Buy" and a consensus target price of $143.64.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the company'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 completion of the transaction, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. This represents a 3.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.54% of the stock is currently owned by company insiders.

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.