Arrowstreet Capital Limited Partnership Sells 135,814 Shares of Toll Brothers, Inc. (NYSE:TOL)

Arrowstreet Capital Limited Partnership cut its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 29.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 328,961 shares of the construction company's stock after selling 135,814 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.33% of Toll Brothers worth $41,433,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after buying an additional 75 shares during the period. Nilsine Partners LLC lifted its stake in shares of Toll Brothers by 0.5% in the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock valued at $2,433,000 after acquiring an additional 88 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Toll Brothers by 15.1% during the 4th quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock valued at $88,000 after acquiring an additional 92 shares during the period. Principal Securities Inc. grew its position in Toll Brothers by 25.2% during the 4th quarter. Principal Securities Inc. now owns 541 shares of the construction company's stock worth $68,000 after acquiring an additional 109 shares during the last quarter. Finally, Old North State Trust LLC increased its stake in Toll Brothers by 7.4% in the 3rd quarter. Old North State Trust LLC now owns 2,069 shares of the construction company's stock worth $320,000 after purchasing an additional 143 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This 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 can be accessed through the SEC website. Company insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several analyst reports. Wedbush reissued an "outperform" rating and set a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. Evercore ISI increased their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. StockNews.com downgraded Toll Brothers from a "hold" rating to a "sell" rating in a report on Friday, March 28th. UBS Group lowered their price target on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Finally, Seaport Res Ptn upgraded 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 assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $147.57.

Toll Brothers Stock Up 2.4 %

Shares of TOL traded up $2.34 during mid-day trading on Friday, reaching $100.73. The company had a trading volume of 3,035,108 shares, compared to its average volume of 1,481,121. 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 company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The firm has a 50-day moving average price of $116.35 and a 200 day moving average price of $135.38. Toll Brothers, Inc. has a 52 week low of $92.73 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. On average, sell-side analysts forecast 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 will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is 6.88%.

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.