Toll Brothers, Inc. (NYSE:TOL) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 82.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,244 shares of the construction company's stock after selling 57,072 shares during the quarter. ExodusPoint Capital Management LP's holdings in Toll Brothers were worth $1,542,000 at the end of the most recent reporting period.

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

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.54% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TOL shares. Keefe, Bruyette & Woods cut their price objective on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. The Goldman Sachs Group reduced their price target 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. Bank of America lowered their price objective on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Barclays reduced their target price on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their price target on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $144.79.

Toll Brothers Stock Performance

NYSE TOL traded up $0.04 on Tuesday, reaching $94.25. The stock had a trading volume of 219,712 shares, compared to its average volume of 1,528,355. The stock has a market cap of $9.41 billion, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The business's 50-day moving average price is $108.84 and its 200 day moving average price is $131.66. 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 12-month low of $86.67 and a 12-month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced 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 business 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%. As a group, equities analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is presently 6.88%.

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.