Kane Investment Management Inc. Makes New $778,000 Investment in Toll Brothers, Inc. (NYSE:TOL)

Kane Investment Management Inc. bought a new stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,174 shares of the construction company's stock, valued at approximately $778,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TOL. ORG Partners LLC acquired a new position in Toll Brothers in the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers in the fourth quarter worth approximately $27,000. Promus Capital LLC acquired a new stake in Toll Brothers in the 4th quarter valued at about $29,000. IAG Wealth Partners LLC boosted its position in shares of Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after acquiring an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its holdings in Toll Brothers by 806.5% in 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 during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

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

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TOL shares. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. Citigroup dropped their price target on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reduced their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, Wedbush reissued an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average price target of $144.79.

Toll Brothers Trading Up 2.2 %

Shares of TOL traded up $2.06 during midday trading on Friday, hitting $93.87. The stock had a trading volume of 1,437,255 shares, compared to its average volume of 1,531,070. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The firm has a market cap of $9.38 billion, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The business has a 50-day simple moving average of $106.79 and a two-hundred day simple moving average of $130.70.

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

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Toll Brothers's dividend payout ratio (DPR) is presently 6.88%.

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.