Nomura Holdings Inc. Buys Shares of 17,329 Toll Brothers, Inc. (NYSE:TOL)

Nomura Holdings Inc. bought a new position in Toll Brothers, Inc. (NYSE:TOL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,329 shares of the construction company's stock, valued at approximately $2,183,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TOL. Barclays PLC boosted its stake in shares of Toll Brothers by 3.9% in the third quarter. Barclays PLC now owns 233,681 shares of the construction company's stock valued at $36,103,000 after purchasing an additional 8,794 shares during the period. Park Avenue Securities LLC boosted its stake in Toll Brothers by 7.3% during the 4th quarter. Park Avenue Securities LLC now owns 2,147 shares of the construction company's stock valued at $270,000 after acquiring an additional 146 shares during the last quarter. Hennessy Advisors Inc. boosted its stake in Toll Brothers by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 78,900 shares of the construction company's stock valued at $9,937,000 after acquiring an additional 5,000 shares during the last quarter. Merit Financial Group LLC bought a new position in Toll Brothers during the 4th quarter valued at $753,000. Finally, HB Wealth Management LLC bought a new position in shares of Toll Brothers in the 4th quarter worth about $243,000. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Performance

Toll Brothers stock traded down $1.80 during mid-day trading on Tuesday, hitting $104.25. 3,421,139 shares of the company's stock traded hands, compared to its average volume of 1,561,179. The firm has a 50 day simple moving average of $101.54 and a two-hundred day simple moving average of $122.84. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 7.17, a P/E/G ratio of 1.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.64. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. During the same quarter in the prior year, the business posted $3.38 earnings per share. The firm's revenue was down 3.5% on a year-over-year basis. On average, research analysts expect that Toll Brothers, Inc. will post 13.83 EPS 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 dividend of $0.25 per share. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This trade represents a 3.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.54% of the company's stock.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent research reports. Keefe, Bruyette & Woods restated a "market perform" rating on shares of Toll Brothers in a research report on Tuesday. UBS Group restated a "buy" rating on shares of Toll Brothers in a research report on Tuesday. StockNews.com upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Royal Bank of Canada cut their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Wells Fargo & Company dropped their price target on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $143.64.

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.