28,719 Shares in Toll Brothers, Inc. (NYSE:TOL) Acquired by Trexquant Investment LP

Trexquant Investment LP purchased a new stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 28,719 shares of the construction company's stock, valued at approximately $3,617,000.

Other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in shares of Toll Brothers by 1.2% during the third quarter. State Street Corp now owns 3,662,387 shares of the construction company's stock valued at $565,802,000 after buying an additional 42,871 shares during the last quarter. Geode Capital Management LLC boosted its stake in Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock worth $276,263,000 after purchasing an additional 35,001 shares during the period. Jennison Associates LLC grew its stake in 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 in the last quarter. Norges Bank acquired a new position in Toll Brothers in the 4th quarter valued at approximately $149,924,000. Finally, Pictet Asset Management Holding SA raised its holdings in shares of Toll Brothers by 21.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 784,412 shares of the construction company's stock worth $98,797,000 after acquiring an additional 140,133 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on TOL. Wedbush reaffirmed an "outperform" rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Citigroup dropped their target price on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Oppenheimer reduced their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Royal Bank of Canada decreased their price target on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research note 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $146.93.

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Toll Brothers Price Performance

Shares of TOL traded up $0.70 during midday trading on Friday, hitting $93.44. The company's stock had a trading volume of 1,869,655 shares, compared to its average volume of 1,531,117. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 6.43, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52. The company's fifty day simple moving average is $109.66 and its two-hundred day simple moving average is $132.21.

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 business had revenue of $1.86 billion during 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%. As a group, equities analysts expect 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 paid a $0.25 dividend. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers's payout ratio is 6.88%.

Insider Buying and Selling

In other news, Director Christine Garvey sold 420 shares of the firm'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 transaction, the director now owns 13,186 shares in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 1.54% of the stock is owned by company 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.