Rafferty Asset Management LLC Purchases 22,426 Shares of Toll Brothers, Inc. (NYSE:TOL)

Rafferty Asset Management LLC raised its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 70,581 shares of the construction company's stock after acquiring an additional 22,426 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.07% of Toll Brothers worth $8,890,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC increased 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 acquiring an additional 410,394 shares during the period. Geode Capital Management LLC increased its position in Toll Brothers by 1.6% in the 4th 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. increased its position in Toll Brothers by 14.2% in the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock valued at $239,751,000 after acquiring an additional 236,402 shares during the period. Jennison Associates LLC increased its position in Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock valued at $154,449,000 after acquiring an additional 341,980 shares during the period. Finally, AQR Capital Management LLC increased its position in Toll Brothers by 24.6% in the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company's stock valued at $153,234,000 after acquiring an additional 239,917 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business's stock in a transaction that occurred on 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 transaction, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. The trade was a 3.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.54% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Monday, April 14th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Toll Brothers in a research note on Tuesday. StockNews.com raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, UBS Group reissued a "buy" rating on shares of Toll Brothers in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $143.64.

Toll Brothers Price Performance

Toll Brothers stock traded down $1.80 during midday trading on Tuesday, reaching $104.25. 3,421,139 shares of the stock were exchanged, 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. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The firm has a market cap of $10.41 billion, a PE ratio of 7.17, a PEG ratio of 1.02 and a beta of 1.45. The company's fifty day moving average is $101.54 and its 200-day moving average is $122.84.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts' consensus estimates 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 previous year, the firm posted $3.38 earnings per share. The company's quarterly revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts forecast that Toll Brothers, Inc. will post 13.83 EPS 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 paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date was Friday, April 11th. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 6.88%.

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.