First Trust Advisors LP Purchases 221,543 Shares of Toll Brothers, Inc. (NYSE:TOL)

First Trust Advisors LP increased its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 29.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 962,528 shares of the construction company's stock after purchasing an additional 221,543 shares during the quarter. First Trust Advisors LP owned 0.96% of Toll Brothers worth $121,230,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Toll Brothers by 19.4% in the fourth 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 raised its position 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 worth $276,263,000 after purchasing an additional 35,001 shares during the period. Invesco Ltd. lifted its holdings in shares of Toll Brothers by 14.2% during the fourth quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company's stock valued at $239,751,000 after purchasing an additional 236,402 shares during the last quarter. Jennison Associates LLC boosted its position in shares of 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 purchasing an additional 341,980 shares during the period. Finally, Norges Bank purchased a new position in Toll Brothers in the 4th quarter worth about $149,924,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Down 1.0 %

NYSE:TOL traded down $1.06 during mid-day trading on Friday, reaching $100.00. The stock had a trading volume of 972,871 shares, compared to its average volume of 1,542,184. The stock has a market cap of $9.99 billion, a P/E ratio of 6.88, a PEG ratio of 1.02 and a beta of 1.48. The business's 50 day moving average is $103.64 and its 200 day moving average is $128.42. 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 fifty-two week low of $86.67 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly 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 for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, sell-side analysts predict 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 1.00%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 6.88%.

Analyst Ratings Changes

Several brokerages have commented on TOL. Bank of America decreased their target price on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Barclays lowered their price objective on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada reduced their target price on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. UBS Group lowered their price target on Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, StockNews.com lowered Toll Brothers from a "hold" rating to a "sell" rating in a research report on Friday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $144.79.

Insider Activity

In related news, Director Christine Garvey sold 420 shares of the business'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 sale, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.54% of the stock is currently owned by insiders.

Toll Brothers 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.