D1 Capital Partners L.P. Acquires Shares of 845,000 Toll Brothers, Inc. (NYSE:TOL)

D1 Capital Partners L.P. acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 845,000 shares of the construction company's stock, valued at approximately $106,428,000. Toll Brothers makes up approximately 1.8% of D1 Capital Partners L.P.'s investment portfolio, making the stock its 22nd largest position. D1 Capital Partners L.P. owned about 0.85% of Toll Brothers as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. ORG Partners LLC purchased a new stake in shares of Toll Brothers during the fourth quarter worth about $25,000. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers during the fourth quarter worth approximately $27,000. Promus Capital LLC purchased a new stake in Toll Brothers in the 4th quarter worth approximately $29,000. IAG Wealth Partners LLC raised its holdings in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after acquiring an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its holdings in Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after acquiring an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the company's stock in a transaction 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 in the company, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Down 1.0 %

Shares of NYSE:TOL traded down $1.06 during midday trading on Friday, hitting $100.00. 972,871 shares of the company's stock traded hands, compared to its average volume of 1,545,424. The firm's fifty day moving average price is $103.64 and its two-hundred day moving average price is $128.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a market cap of $9.99 billion, a PE ratio of 6.88, 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 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Friday, April 11th. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio is currently 6.88%.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of recent analyst reports. Citigroup lowered their price objective on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. UBS Group dropped their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company 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 on the stock in a research report on Thursday, February 20th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $144.79.

Toll Brothers Company 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.