Bryce Point Capital LLC Takes $513,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Bryce Point Capital LLC acquired a new stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,074 shares of the construction company's stock, valued at approximately $513,000.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased 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 worth $37,000 after buying an additional 75 shares during the period. Nilsine Partners LLC boosted its stake in Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock worth $2,433,000 after purchasing an additional 88 shares during the period. Versant Capital Management Inc raised its holdings in shares of Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock valued at $88,000 after buying an additional 92 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Toll Brothers by 25.2% during the fourth quarter. Principal Securities Inc. now owns 541 shares of the construction company's stock worth $68,000 after buying an additional 109 shares during the period. Finally, Old North State Trust LLC increased its position 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 valued at $320,000 after acquiring an additional 143 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TOL shares. Royal Bank of Canada lowered their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company lowered their target price on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. The Goldman Sachs Group dropped their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Finally, Citigroup reduced their price target on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $146.93.

Toll Brothers Price Performance

Shares of Toll Brothers stock traded up $5.08 during trading on Wednesday, hitting $95.58. 6,395,512 shares of the company were exchanged, compared to its average volume of 1,523,760. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average price of $111.23 and a 200 day moving average price of $133.03. The stock has a market capitalization of $9.55 billion, a price-to-earnings ratio of 6.58, a P/E/G ratio of 1.02 and a beta of 1.48.

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

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. Toll Brothers's payout ratio is 6.88%.

Insider Activity

In other Toll Brothers news, 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 value of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.54% of the company's stock.

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.