Balyasny Asset Management L.P. Purchases 1,110,192 Shares of Toll Brothers, Inc. (NYSE:TOL)

Balyasny Asset Management L.P. increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 24,475.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,114,728 shares of the construction company's stock after buying an additional 1,110,192 shares during the quarter. Balyasny Asset Management L.P. owned 1.12% of Toll Brothers worth $140,400,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. ORG Partners LLC bought a new position in shares of Toll Brothers in the fourth quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new position in Toll Brothers during the 4th quarter worth approximately $27,000. Promus Capital LLC bought a new position in Toll Brothers in the 4th quarter valued at approximately $29,000. IAG Wealth Partners LLC boosted its position in Toll Brothers by 1,034.8% in the fourth 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 in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its stake in shares of Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Trading Down 2.2 %

TOL stock traded down $2.30 during midday trading on Tuesday, hitting $101.67. The stock had a trading volume of 1,117,085 shares, compared to its average volume of 1,547,283. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average price of $102.12 and a two-hundred day moving average price of $125.71. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The firm has a market cap of $10.16 billion, a P/E ratio of 7.00, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its 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 the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, sell-side analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.25 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 6.88%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TOL. Royal Bank of Canada dropped their price target on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Keefe, Bruyette & Woods dropped their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. 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. The Goldman Sachs Group dropped their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Finally, Wedbush reissued an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $144.79.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction 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 sale, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.54% of the stock is owned by corporate 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.