Cinctive Capital Management LP Buys New Position in Toll Brothers, Inc. (NYSE:TOL)

Cinctive Capital Management LP bought a new stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 28,028 shares of the construction company's stock, valued at approximately $3,530,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in shares of Toll Brothers during the fourth quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers during the 4th quarter worth $27,000. Promus Capital LLC acquired a new stake in Toll Brothers during the 4th quarter worth $29,000. IAG Wealth Partners LLC increased its stake in Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. increased its stake in Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Price Performance

TOL traded up $1.14 on Tuesday, hitting $95.66. 874,461 shares of the company were exchanged, compared to its average volume of 1,490,889. Toll Brothers, Inc. has a fifty-two week low of $94.52 and a fifty-two week high of $169.52. 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 firm has a market capitalization of $9.55 billion, a P/E ratio of 6.59, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The business's fifty day moving average is $114.77 and its 200 day moving average is $134.41.

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Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current 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 given a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.05%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com raised Toll Brothers from a "sell" rating to a "hold" rating in a report on Saturday. Royal Bank of Canada lowered their target price on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Wedbush reiterated an "outperform" rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Friday, February 14th. Finally, Evercore ISI boosted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. One equities 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 company's stock. According to MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and an average price target of $147.57.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the firm'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 transaction 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 at this hyperlink. Corporate 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.