Pinebridge Investments L.P. Has $2.89 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Pinebridge Investments L.P. boosted its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 42.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,968 shares of the construction company's stock after purchasing an additional 6,870 shares during the quarter. Pinebridge Investments L.P.'s holdings in Toll Brothers were worth $2,893,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. FMR LLC grew its position in Toll Brothers by 19.4% in the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after buying an additional 410,394 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Toll Brothers by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock valued at $276,263,000 after acquiring an additional 35,001 shares during the period. Invesco Ltd. raised its holdings in Toll Brothers by 14.2% during the fourth quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock worth $239,751,000 after purchasing an additional 236,402 shares in the last quarter. Jennison Associates LLC lifted its position in Toll Brothers by 38.7% in the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock worth $154,449,000 after purchasing an additional 341,980 shares during the period. Finally, Norges Bank bought a new position in Toll Brothers during the 4th quarter valued at $149,924,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Up 0.3 %

Toll Brothers stock traded up $0.32 during trading hours on Wednesday, hitting $100.82. The company had a trading volume of 1,765,940 shares, compared to its average volume of 1,545,455. The firm has a market capitalization of $10.07 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. 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's fifty day moving average is $103.07 and its 200-day moving average is $127.59.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. On average, research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a $0.25 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.99%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 6.88%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TOL shares. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. Bank of America dropped their target price 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. UBS Group reduced their target price on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Wedbush reaffirmed an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their price objective on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $144.79.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This 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 available through the SEC website. 1.54% of the stock is currently owned by 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.