Handelsbanken Fonder AB Grows Stake in Toll Brothers, Inc. (NYSE:TOL)

Handelsbanken Fonder AB grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,000 shares of the construction company's stock after buying an additional 3,800 shares during the quarter. Handelsbanken Fonder AB's holdings in Toll Brothers were worth $3,275,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TOL. ORG Partners LLC purchased a new stake in Toll Brothers during the fourth quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Brooklyn Investment Group bought a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC raised its holdings in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock valued at $28,000 after buying an additional 66 shares during the period. Finally, DiNuzzo Private Wealth Inc. lifted its position in Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares during the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Stock Up 4.4 %

Shares of TOL traded up $4.87 during midday trading on Tuesday, reaching $115.42. 1,658,715 shares of the stock were exchanged, compared to its average volume of 1,767,133. The company has a market capitalization of $11.53 billion, a P/E ratio of 7.94, a PEG ratio of 1.02 and a beta of 1.76. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 52 week low of $108.86 and a 52 week high of $169.52. The company's 50 day moving average is $128.09 and its two-hundred day moving average is $141.38.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. On average, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers's payout ratio is 6.33%.

Insider Buying and Selling

In related news, Director Paul E. Shapiro sold 3,837 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the sale, the director now owns 119,937 shares of the company's stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,202 shares of company stock valued at $1,947,436 over the last 90 days. Corporate insiders own 1.54% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TOL shares. Wells Fargo & Company cut their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. Barclays cut their price target on shares of Toll Brothers from $115.00 to $101.00 and set an "underweight" rating on the stock in a report on Tuesday. Citigroup decreased their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Bank of America dropped their target price 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. Finally, Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $147.57.

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.