Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL grew its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 53.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,009 shares of the construction company's stock after acquiring an additional 10,140 shares during the quarter. Blair William & Co. IL's holdings in Toll Brothers were worth $3,654,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. State Street Corp raised its holdings in shares of Toll Brothers by 1.2% in the third quarter. State Street Corp now owns 3,662,387 shares of the construction company's stock worth $565,802,000 after buying an additional 42,871 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Toll Brothers by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company's stock valued at $333,444,000 after acquiring an additional 84,652 shares during the period. Jennison Associates LLC raised its stake in Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock worth $154,449,000 after acquiring an additional 341,980 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Toll Brothers during the 4th quarter worth about $43,615,000. Finally, Burney Co. grew its stake in Toll Brothers by 6.0% during the 4th quarter. Burney Co. now owns 339,856 shares of the construction company's stock valued at $42,805,000 after purchasing an additional 19,373 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

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Toll Brothers Price Performance

NYSE TOL traded down $8.40 on Thursday, hitting $98.51. The company had a trading volume of 2,217,966 shares, compared to its average volume of 1,799,515. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The company's fifty day moving average price is $117.11 and its 200-day moving average price is $135.64. The company has a market capitalization of $9.84 billion, a PE ratio of 6.78, a PEG ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 12-month low of $96.75 and a 12-month 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 analysts' consensus estimates of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TOL. Royal Bank of Canada reduced their price objective 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. 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 research note on Tuesday, February 25th. Wells Fargo & Company cut their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Oppenheimer decreased their target price on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, Citigroup cut their price target on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.57.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction 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 sale, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. The trade was 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 owned by company insiders.

About Toll Brothers

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.