Schonfeld Strategic Advisors LLC Buys 116,041 Shares of Toll Brothers, Inc. (NYSE:TOL)

Schonfeld Strategic Advisors LLC lifted its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 558.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,832 shares of the construction company's stock after purchasing an additional 116,041 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.14% of Toll Brothers worth $17,234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. ORG Partners LLC bought a new position in shares of Toll Brothers during the fourth quarter valued at $25,000. Lee Danner & Bass Inc. bought a new position in Toll Brothers during the 4th quarter worth $27,000. Promus Capital LLC acquired a new position in Toll Brothers during the 4th quarter worth about $29,000. IAG Wealth Partners LLC grew its position 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 buying an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its stake in shares of Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after buying an additional 250 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Up 3.1 %

Shares of TOL stock traded up $3.12 during trading hours on Friday, reaching $104.30. The company had a trading volume of 1,296,784 shares, compared to its average volume of 1,548,732. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 7.18, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The business has a fifty day simple moving average of $102.47 and a 200-day simple moving average of $126.69.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. On average, research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. This is an increase 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 presently 6.88%.

Insider Buying and Selling at Toll Brothers

In other 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 value of $46,443.60. Following the completion of the transaction, 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 SEC, which is available at this hyperlink. Company insiders own 1.54% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TOL shares. Bank of America cut their price objective on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price target on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. StockNews.com cut shares of Toll Brothers from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. Oppenheimer dropped their target price on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, Wedbush reiterated an "outperform" rating and set a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $144.79.

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.