Moody Aldrich Partners LLC Purchases New Stake in Toll Brothers, Inc. (NYSE:TOL)

Moody Aldrich Partners LLC bought a new position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,853 shares of the construction company's stock, valued at approximately $2,555,000.

A number of other institutional investors have also modified their holdings of TOL. Millennium Management LLC boosted its stake in shares of Toll Brothers by 271.6% during the fourth quarter. Millennium Management LLC now owns 3,096,331 shares of the construction company's stock valued at $154,569,000 after purchasing an additional 2,263,039 shares in the last quarter. Norges Bank bought a new position in shares of Toll Brothers during the fourth quarter valued at approximately $53,702,000. Vanguard Group Inc. boosted its stake in Toll Brothers by 9.1% in the first quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company's stock valued at $546,551,000 after acquiring an additional 968,528 shares in the last quarter. Prudential Financial Inc. boosted its stake in Toll Brothers by 164.7% in the first quarter. Prudential Financial Inc. now owns 1,274,947 shares of the construction company's stock valued at $59,949,000 after acquiring an additional 793,239 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Toll Brothers by 105.7% in the third quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company's stock valued at $111,216,000 after acquiring an additional 772,849 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TOL. Keefe, Bruyette & Woods raised their target price on shares of Toll Brothers from $120.00 to $135.00 and gave the company an "outperform" rating in a research note on Wednesday, February 28th. Barclays raised their price target on shares of Toll Brothers from $95.00 to $115.00 and gave the stock an "underweight" rating in a report on Monday, February 26th. Wolfe Research raised shares of Toll Brothers from a "peer perform" rating to an "outperform" rating and set a $118.00 price target for the company in a report on Monday, January 8th. Seaport Res Ptn cut shares of Toll Brothers from a "buy" rating to a "neutral" rating in a report on Monday, January 22nd. Finally, The Goldman Sachs Group raised their target price on shares of Toll Brothers from $94.00 to $96.00 and gave the stock a "sell" rating in a report on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $113.80.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.85, for a total value of $5,942,500.00. Following the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $41,167,500.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the business's stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.05, for a total value of $580,250.00. Following the transaction, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $118.85, for a total transaction of $5,942,500.00. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $41,167,500.70. The disclosure for this sale can be found here. Insiders have sold 65,000 shares of company stock worth $7,702,950 in the last ninety days. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

TOL traded down $5.75 on Wednesday, reaching $118.57. 1,880,883 shares of the company's stock were exchanged, compared to its average volume of 1,414,843. The stock has a market cap of $12.35 billion, a PE ratio of 9.16, a P/E/G ratio of 1.05 and a beta of 1.66. Toll Brothers, Inc. has a twelve month low of $58.44 and a twelve month high of $130.63. The stock's fifty day moving average price is $114.83 and its 200-day moving average price is $96.86. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.95 and a quick ratio of 0.65.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.77 by $0.48. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a net margin of 13.97% and a return on equity of 21.04%. Toll Brothers's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.70 earnings per share. Sell-side analysts expect that Toll Brothers, Inc. will post 13.71 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 0.78%. Toll Brothers's payout ratio is presently 7.11%.

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.