Geode Capital Management LLC Has $276.26 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Geode Capital Management LLC lifted its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,192,909 shares of the construction company's stock after buying an additional 35,001 shares during the quarter. Geode Capital Management LLC owned approximately 2.20% of Toll Brothers worth $276,263,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TOL. ORG Partners LLC acquired a new position in shares of Toll Brothers during the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. purchased a new position in Toll Brothers in the fourth quarter valued at about $27,000. Promus Capital LLC acquired a new stake in Toll Brothers in the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC raised its stake in shares of Toll Brothers by 1,034.8% during 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. grew its stake in shares of Toll Brothers by 806.5% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Down 2.9 %

Shares of TOL traded down $2.77 during trading hours on Thursday, hitting $92.73. 551,287 shares of the company were exchanged, compared to its average volume of 1,520,411. 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 company has a market cap of $9.26 billion, a PE ratio of 6.39, a PEG ratio of 1.02 and a beta of 1.48. The firm's 50 day moving average is $111.23 and its 200-day moving average is $133.03. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52.

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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 analysts' consensus estimates of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, equities research analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The firm 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. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Friday, April 11th. Toll Brothers's payout ratio is presently 6.88%.

Analyst Ratings Changes

TOL has been the subject of several research reports. Royal Bank of Canada decreased their target price on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. UBS Group cut their price target on Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Keefe, Bruyette & Woods lowered their target price 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. Barclays dropped their target price on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a report on Tuesday. Finally, Wedbush reissued an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $146.93.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the 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 sale, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.54% of the stock is owned by corporate insiders.

Toll Brothers 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.