Headlands Technologies LLC Has $583,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Headlands Technologies LLC lifted its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 804.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,631 shares of the construction company's stock after acquiring an additional 4,119 shares during the period. Headlands Technologies LLC's holdings in Toll Brothers were worth $583,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in TOL. State Street Corp increased its stake in shares of Toll Brothers by 1.2% in the third quarter. State Street Corp now owns 3,662,387 shares of the construction company's stock worth $565,802,000 after buying an additional 42,871 shares during the last quarter. Geode Capital Management LLC grew its stake in Toll Brothers by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock worth $276,263,000 after buying an additional 35,001 shares during the last quarter. Jennison Associates LLC grew its position in shares of Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock worth $154,449,000 after acquiring an additional 341,980 shares during the last quarter. Norges Bank bought a new stake in shares of Toll Brothers during the fourth quarter valued at approximately $149,924,000. Finally, Pictet Asset Management Holding SA raised its stake in Toll Brothers by 21.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 784,412 shares of the construction company's stock valued at $98,797,000 after acquiring an additional 140,133 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

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Toll Brothers Stock Performance

TOL stock traded up $5.08 on Wednesday, reaching $95.58. 6,395,512 shares of the company were exchanged, compared to its average volume of 1,523,760. The stock's fifty day moving average price is $111.23 and its 200 day moving average price is $133.03. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The firm has a market capitalization of $9.55 billion, a PE ratio of 6.58, a PEG ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL - Get Free Report) last released 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 firm 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, research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company 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 a positive change from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.05%. Toll Brothers's dividend payout ratio is presently 6.88%.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.54% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of research analyst reports. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Wedbush restated an "outperform" rating and set a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. The Goldman Sachs Group decreased their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada dropped their price target on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Oppenheimer cut their price objective 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. One equities 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 company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $146.93.

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.