Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. raised its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 214,259 shares of the construction company's stock after buying an additional 46,677 shares during the quarter. Point72 Asset Management L.P. owned about 0.21% of Toll Brothers worth $26,986,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in TOL. Lee Danner & Bass Inc. purchased a new position in shares of Toll Brothers in the 4th quarter valued at approximately $27,000. Promus Capital LLC purchased a new position in shares of Toll Brothers in the 4th quarter valued at approximately $29,000. IAG Wealth Partners LLC lifted its stake in shares of Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares during the period. DiNuzzo Private Wealth Inc. lifted its stake in shares of Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after purchasing an additional 250 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in shares of Toll Brothers by 34.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after purchasing an additional 75 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of research analyst reports. StockNews.com upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. The Goldman Sachs Group dropped their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company dropped their price target on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Royal Bank of Canada dropped their price target on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday. Finally, Oppenheimer cut their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating on the stock in a research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $143.64.

Insiders Place Their Bets

In related news, Director Christine Garvey sold 420 shares of the company'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 completion of the sale, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.54% of the company's stock.

Toll Brothers Trading Down 1.7%

NYSE TOL traded down $1.80 during trading on Tuesday, hitting $104.25. The stock had a trading volume of 3,421,139 shares, compared to its average volume of 1,561,179. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The stock has a market capitalization 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. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52. The stock has a 50 day simple moving average of $101.54 and a 200 day simple moving average of $122.84.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. During the same period in the prior year, the company earned $3.38 earnings per share. The company's revenue was down 3.5% compared to the same quarter last year. Sell-side analysts predict 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. Shareholders of record on Friday, April 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers's dividend payout ratio is currently 6.88%.

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.