Geode Capital Management LLC Raises Holdings in Toll Brothers, Inc. (NYSE:TOL)

Geode Capital Management LLC grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 4.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,157,908 shares of the construction company's stock after purchasing an additional 84,652 shares during the period. Geode Capital Management LLC owned approximately 2.14% of Toll Brothers worth $333,444,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in TOL. TCW Group Inc. raised its stake in Toll Brothers by 27.9% during the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company's stock valued at $8,713,000 after buying an additional 16,503 shares during the last quarter. Chartwell Investment Partners LLC raised its position in shares of Toll Brothers by 66.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company's stock worth $5,453,000 after purchasing an additional 14,092 shares during the last quarter. Avior Wealth Management LLC boosted its stake in Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company's stock worth $525,000 after purchasing an additional 3,328 shares in the last quarter. International Assets Investment Management LLC increased its stake in Toll Brothers by 62,605.9% during the 3rd quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company's stock valued at $1,647,000 after purchasing an additional 10,643 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company's stock worth $110,993,000 after buying an additional 431,160 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com downgraded shares of Toll Brothers from a "buy" rating to a "hold" rating in a research report on Wednesday, September 11th. Evercore ISI boosted their price target on Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research note on Wednesday. Oppenheimer reaffirmed an "outperform" rating and set a $189.00 price target on shares of Toll Brothers in a report on Thursday. Barclays lifted their price objective on Toll Brothers from $116.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company upped their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $152.53.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded down $4.61 on Friday, hitting $133.85. 2,505,619 shares of the company's stock were exchanged, compared to its average volume of 1,372,502. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The stock has a market capitalization of $13.51 billion, a PE ratio of 8.91, a PEG ratio of 1.07 and a beta of 1.69. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The company has a 50-day simple moving average of $153.08 and a 200-day simple moving average of $139.16.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.29. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. Toll Brothers's quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $4.11 earnings per share. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 14.55 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers's dividend payout ratio is 6.12%.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 5,000 shares of the company's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the transaction, the chief financial officer now owns 9,721 shares of the company's stock, valued at $1,511,032.24. This represents a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the sale, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,000 shares of company stock worth $16,435,800. Company insiders own 1.54% of the company's stock.

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.