MRP Capital Investments LLC Has $1.14 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

MRP Capital Investments LLC lessened its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 48.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,060 shares of the construction company's stock after selling 10,518 shares during the period. MRP Capital Investments LLC's holdings in Toll Brothers were worth $1,137,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Millennium Management LLC increased its stake in Toll Brothers by 271.6% in the 4th quarter. Millennium Management LLC now owns 3,096,331 shares of the construction company's stock valued at $154,569,000 after buying an additional 2,263,039 shares during the last quarter. Norges Bank purchased a new stake in Toll Brothers in the 4th quarter valued at about $53,702,000. Vanguard Group Inc. increased its stake in Toll Brothers by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company's stock valued at $546,551,000 after buying an additional 968,528 shares during the last quarter. Prudential Financial Inc. increased its stake in Toll Brothers by 164.7% in the 1st quarter. Prudential Financial Inc. now owns 1,274,947 shares of the construction company's stock valued at $59,949,000 after buying an additional 793,239 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Toll Brothers by 105.7% in the 3rd quarter. Invesco Ltd. now owns 1,503,729 shares of the construction company's stock valued at $111,216,000 after buying an additional 772,849 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Carl B. Marbach sold 10,000 shares of the business's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total value of $1,180,200.00. Following the transaction, the director now owns 34,069 shares in the company, valued at $4,020,823.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Carl B. Marbach sold 10,000 shares of Toll Brothers stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $118.02, for a total transaction of $1,180,200.00. Following the sale, the director now owns 34,069 shares of the company's stock, valued at approximately $4,020,823.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $116.05, for a total transaction of $580,250.00. Following the sale, the chief financial officer now directly owns 49,721 shares in the company, valued at approximately $5,770,122.05. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,000 shares of company stock worth $7,702,950. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Trading Down 0.1 %

NYSE:TOL traded down $0.11 during trading hours on Friday, reaching $120.21. The company's stock had a trading volume of 965,157 shares, compared to its average volume of 1,401,300. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 0.99 and a beta of 1.66. The firm has a 50-day simple moving average of $115.60 and a 200-day simple moving average of $97.18. Toll Brothers, Inc. has a 1 year low of $58.99 and a 1 year high of $130.63. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.65 and a current ratio of 4.95.

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

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be given a $0.23 dividend. This is a boost from Toll Brothers's previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.77%. Toll Brothers's payout ratio is presently 7.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Toll Brothers from $116.00 to $138.00 and gave the stock a "neutral" rating in a research note on Friday, April 5th. Wells Fargo & Company raised their price target on shares of Toll Brothers from $120.00 to $130.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Wedbush restated a "neutral" rating and set a $87.00 price target on shares of Toll Brothers in a research note on Wednesday, February 21st. 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 research note on Monday, February 26th. Finally, Wolfe Research upgraded 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 research note on Monday, January 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus target price of $113.80.

Toll Brothers 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.

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