Barclays PLC Grows Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Barclays PLC lifted its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 52.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 356,995 shares of the construction company's stock after buying an additional 123,314 shares during the period. Barclays PLC owned about 0.36% of Toll Brothers worth $44,963,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. The Goldman Sachs Group reduced their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. Wedbush restated an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Wells Fargo & Company lowered their price objective on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating for the company in a research report on Monday. Finally, Barclays lowered their price target on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. One investment 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $144.79.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on 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 $1,458,107.88. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $93.87 on Friday. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52. The company has a market capitalization of $9.38 billion, a PE ratio of 6.46, a P/E/G 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 company has a 50-day simple moving average of $106.79 and a two-hundred day simple moving average of $130.70.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.91 billion. Research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. This is a positive change 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 dividend payout ratio is currently 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.

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