Caxton Associates LP Reduces Holdings in Toll Brothers, Inc. (NYSE:TOL)

Caxton Associates LP lessened its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 45.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,401 shares of the construction company's stock after selling 2,788 shares during the quarter. Caxton Associates LP's holdings in Toll Brothers were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of TOL. FMR LLC raised 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 worth $318,509,000 after buying an additional 410,394 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Toll Brothers by 1.6% during 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 purchasing an additional 35,001 shares during the last quarter. Invesco Ltd. grew its stake in shares of Toll Brothers by 14.2% during 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 grew its stake in shares of Toll Brothers by 38.7% during 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 grew its holdings in Toll Brothers by 24.6% during 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 buying an additional 239,917 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Up 1.3%

Shares of NYSE TOL traded up $1.44 during trading on Tuesday, hitting $109.95. 467,174 shares of the company traded hands, compared to its average volume of 1,543,026. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The business's fifty day moving average is $101.70 and its 200 day moving average is $124.28. The firm has a market capitalization of $10.98 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 1.02 and a beta of 1.45. 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 posted its quarterly earnings data 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 firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. Equities research 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 declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.25 per share. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.91%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 6.88%.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the 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 transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.54% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TOL has been the topic of several analyst reports. Bank of America cut their target price 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. Wedbush reissued an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. StockNews.com raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Oppenheimer cut their price target on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, The Goldman Sachs Group dropped their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued 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.

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.