Marathon Trading Investment Management LLC Makes New $630,000 Investment in Toll Brothers, Inc. (NYSE:TOL)

Marathon Trading Investment Management LLC purchased a new stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,000 shares of the construction company's stock, valued at approximately $630,000.

A number of other hedge funds have also recently modified their holdings of TOL. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Atria Investments Inc raised its holdings in shares of Toll Brothers by 22.2% in the 3rd quarter. Atria Investments Inc now owns 2,569 shares of the construction company's stock valued at $397,000 after purchasing an additional 466 shares in the last quarter. Covestor Ltd grew its holdings in shares of Toll Brothers by 40.9% during the third quarter. Covestor Ltd now owns 475 shares of the construction company's stock worth $74,000 after purchasing an additional 138 shares during the last quarter. Patten & Patten Inc. TN acquired a new position in Toll Brothers during the third quarter worth approximately $208,000. Finally, Chartwell Investment Partners LLC boosted its stake in Toll Brothers by 66.5% during the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company's stock worth $5,453,000 after purchasing an additional 14,092 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,622 shares of company stock valued at $1,993,880 in the last 90 days. 1.54% of the stock is currently owned by insiders.

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Toll Brothers Stock Up 0.5 %

NYSE:TOL traded up $0.52 on Wednesday, hitting $107.35. 676,528 shares of the company's stock traded hands, compared to its average volume of 1,423,264. The company has a market cap of $10.67 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. 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 has a 50-day moving average price of $124.38 and a 200-day moving average price of $139.57. Toll Brothers, Inc. has a 1 year low of $105.38 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.93%. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is 6.33%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TOL. Keefe, Bruyette & Woods lowered their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. Bank of America cut 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. Royal Bank of Canada lowered their target price 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. Wedbush restated an "outperform" rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Finally, Barclays decreased their price objective on shares of Toll Brothers from $115.00 to $101.00 and set an "underweight" rating for the company in a report on Tuesday, February 25th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $147.57.

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.