Hsbc Holdings PLC Has $10.52 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Hsbc Holdings PLC grew its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 57.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,124 shares of the construction company's stock after purchasing an additional 30,353 shares during the period. Hsbc Holdings PLC owned about 0.08% of Toll Brothers worth $10,520,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in Toll Brothers in the fourth quarter valued at about $149,924,000. FMR LLC raised its stake in shares of Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company's stock valued at $318,509,000 after acquiring an additional 410,394 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Toll Brothers in the 4th quarter worth approximately $43,615,000. Jennison Associates LLC grew its position in Toll Brothers by 38.7% during the 4th 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. Finally, Bridgewater Associates LP increased its holdings in Toll Brothers by 159.6% during the 4th quarter. Bridgewater Associates LP now owns 427,169 shares of the construction company's stock valued at $53,802,000 after purchasing an additional 262,642 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Toll Brothers Trading Down 1.0 %

NYSE:TOL opened at $100.00 on Monday. 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 1-year low of $86.67 and a 1-year high of $169.52. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 6.88, a PEG ratio of 1.02 and a beta of 1.48. The business's 50-day moving average price is $103.64 and its two-hundred day moving average price is $128.12.

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

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.25 dividend. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio is currently 6.88%.

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 stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on TOL. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Wells Fargo & Company decreased their price objective on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. Barclays dropped their target price on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. UBS Group decreased their price target on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, StockNews.com cut shares of Toll Brothers from a "hold" rating to a "sell" rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $144.79.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.