Bridgewater Associates LP Raises Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Bridgewater Associates LP lifted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 159.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 427,169 shares of the construction company's stock after purchasing an additional 262,642 shares during the period. Bridgewater Associates LP owned 0.43% of Toll Brothers worth $53,802,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of TOL. Smartleaf Asset Management LLC lifted its holdings in Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock worth $37,000 after buying an additional 75 shares during the period. Nilsine Partners LLC boosted its holdings in Toll Brothers by 0.5% in the fourth 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 increased its position 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 purchasing an additional 92 shares during the period. Peapack Gladstone Financial Corp lifted its position in shares of Toll Brothers by 5.9% in the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock worth $227,000 after purchasing an additional 100 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Toll Brothers by 46.6% during the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock worth $41,000 after buying an additional 104 shares during the period. Institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Performance

Shares of TOL traded up $2.06 during mid-day trading on Friday, hitting $93.87. The stock had a trading volume of 1,437,255 shares, compared to its average volume of 1,532,532. The firm has a market cap of $9.38 billion, a P/E ratio of 6.46, a PEG ratio of 1.02 and a beta of 1.48. 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 business has a fifty day moving average price of $106.17 and a 200-day moving average price of $130.28. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week 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 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. On average, equities research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Analysts Set New Price Targets

TOL has been the topic of a number of recent analyst reports. Wedbush reissued an "outperform" rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. StockNews.com raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Saturday, April 5th. Barclays cut their price target on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, Oppenheimer lowered their price target on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six 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 has an average rating of "Moderate Buy" and a consensus price target of $144.79.

Insider Buying and Selling

In other news, Director Christine Garvey sold 420 shares of the business's 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 sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.54% of the stock is currently owned by corporate 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.