Polar Asset Management Partners Inc. Trims Stake in Toll Brothers, Inc. (NYSE:TOL)

Polar Asset Management Partners Inc. cut its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 21.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,300 shares of the construction company's stock after selling 3,100 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Toll Brothers were worth $1,423,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its position in shares of Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after acquiring an additional 75 shares during the last quarter. Nilsine Partners LLC raised its holdings in shares of Toll Brothers by 0.5% during the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock worth $2,433,000 after acquiring an additional 88 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of Toll Brothers by 4.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock worth $251,000 after acquiring an additional 89 shares in the last quarter. Peapack Gladstone Financial Corp raised its holdings in Toll Brothers by 5.9% during the fourth 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. Finally, NewEdge Advisors LLC raised its holdings in Toll Brothers by 1.7% during the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock valued at $762,000 after buying an additional 100 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated 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 directly owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. The trade was a 3.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Stock Performance

Shares of TOL stock traded down $1.80 during trading on Tuesday, reaching $104.25. 3,421,139 shares of the company's stock traded hands, compared to its average volume of 1,561,179. The company has a market capitalization of $10.41 billion, a P/E ratio of 7.17, a PEG ratio of 1.02 and a beta of 1.45. 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 firm's 50-day moving average is $101.54 and its 200 day moving average is $122.84. Toll Brothers, Inc. has a 1 year low of $86.67 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued 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 last year, the business posted $3.38 EPS. The firm's revenue was down 3.5% compared to the same quarter last year. Equities research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.96%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date was Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Analysts Set New Price Targets

TOL has been the topic of several research analyst reports. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods reissued a "market perform" rating on shares of Toll Brothers in a report on Tuesday. Wells Fargo & Company reduced their target price on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Bank of America reduced their price objective on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus target price of $143.64.

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.