Adage Capital Partners GP L.L.C. Acquires 275,000 Shares of Toll Brothers, Inc. (NYSE:TOL)

Adage Capital Partners GP L.L.C. raised its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 50.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 815,000 shares of the construction company's stock after purchasing an additional 275,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.82% of Toll Brothers worth $102,649,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. ORG Partners LLC purchased a new position in shares of Toll Brothers in the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. purchased a new position in Toll Brothers in the 4th quarter valued at approximately $27,000. Promus Capital LLC purchased a new stake in Toll Brothers during the fourth quarter worth $29,000. IAG Wealth Partners LLC raised its stake in shares of Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after buying an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its stake in Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after buying an additional 250 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on TOL shares. Oppenheimer decreased their target price on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. 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. UBS Group cut their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. StockNews.com downgraded shares of Toll Brothers from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $144.79.

Toll Brothers Price Performance

Shares of NYSE TOL traded up $0.18 during trading on Monday, hitting $100.26. The company had a trading volume of 589,955 shares, compared to its average volume of 1,541,739. The company has a market cap of $10.01 billion, a P/E ratio of 6.91, a PEG ratio of 1.02 and a beta of 1.48. 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 50-day moving average is $103.64 and its 200 day moving average is $128.12. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm 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 research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.25 dividend. The ex-dividend date was Friday, April 11th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. Toll Brothers's dividend payout ratio (DPR) is presently 6.88%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the company'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 transaction, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.54% of the company's stock.

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.