Point72 Asia Singapore Pte. Ltd. Has $418,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Point72 Asia Singapore Pte. Ltd. lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 63.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,320 shares of the construction company's stock after selling 5,845 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Toll Brothers were worth $418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. raised its stake in Toll Brothers by 27.9% during the fourth quarter. Point72 Asset Management L.P. now owns 214,259 shares of the construction company's stock worth $26,986,000 after acquiring an additional 46,677 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Toll Brothers during the 4th quarter valued at about $65,000. ProShare Advisors LLC lifted its holdings in shares of Toll Brothers by 5.5% during the 4th quarter. ProShare Advisors LLC now owns 4,723 shares of the construction company's stock valued at $595,000 after purchasing an additional 248 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Toll Brothers by 21.9% in the 4th quarter. Quantinno Capital Management LP now owns 73,941 shares of the construction company's stock valued at $9,313,000 after acquiring an additional 13,260 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in shares of Toll Brothers during the 4th quarter worth approximately $2,183,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Price Performance

TOL stock opened at $106.25 on Friday. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $101.55 and a two-hundred day moving average of $123.74. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 7.31, a price-to-earnings-growth 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 for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.91 billion. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.25 dividend. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

Analyst Ratings Changes

TOL has been the topic of a number of recent analyst reports. Barclays decreased their target price on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. StockNews.com upgraded shares of Toll Brothers from a "sell" rating to a "hold" rating in a report on Wednesday. Seaport Res Ptn raised shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, Wedbush reissued an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Thursday. One 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 given a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.07.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were 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 of the company's stock, valued at $1,458,107.88. This trade represents a 3.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.54% of the stock is owned by insiders.

Toll Brothers Company 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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