Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Fmr LLC

FMR LLC boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,528,853 shares of the construction company's stock after purchasing an additional 410,394 shares during the quarter. FMR LLC owned about 2.53% of Toll Brothers worth $318,509,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Peapack Gladstone Financial Corp raised its position in shares of Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock valued at $227,000 after buying an additional 100 shares in the last quarter. Wedbush Securities Inc. raised its position in Toll Brothers by 14.8% during the fourth quarter. Wedbush Securities Inc. now owns 5,646 shares of the construction company's stock valued at $711,000 after purchasing an additional 730 shares during the period. Pitcairn Co. lifted its stake in shares of Toll Brothers by 4.0% in the 4th quarter. Pitcairn Co. now owns 3,311 shares of the construction company's stock valued at $417,000 after purchasing an additional 127 shares during the last quarter. Disciplined Investors L.L.C. purchased a new stake in Toll Brothers during the 4th quarter valued at $349,000. Finally, Cinctive Capital Management LP bought a new stake in shares of Toll Brothers in the 4th quarter worth about $3,530,000. Institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In other 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 transaction of $46,443.60. Following the transaction, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. The Goldman Sachs Group dropped their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company reduced 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 note on Monday. Citigroup lowered their price target on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a report on Monday, January 6th. Bank of America cut their price target 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. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. One investment 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $144.79.

Toll Brothers Stock Performance

NYSE:TOL traded down $0.34 during midday trading on Wednesday, hitting $93.69. The company's stock had a trading volume of 144,874 shares, compared to its average volume of 1,904,897. 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. The firm's 50 day moving average is $108.07 and its 200-day moving average is $131.39. The firm has a market cap of $9.36 billion, a P/E ratio of 6.45, a P/E/G ratio of 1.02 and a beta of 1.48.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 net margin of 14.03% and a return on equity of 18.32%. Equities analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. Toll Brothers's payout ratio is presently 6.88%.

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.