KLP Kapitalforvaltning AS Invests $3.11 Million in Toll Brothers, Inc. (NYSE:TOL)

KLP Kapitalforvaltning AS acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,700 shares of the construction company's stock, valued at approximately $3,111,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in shares of Toll Brothers during the third quarter worth approximately $27,000. Larson Financial Group LLC grew 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 worth $28,000 after acquiring an additional 66 shares in the last quarter. ORG Partners LLC acquired a new position in Toll Brothers during the 4th quarter worth $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers in the 4th quarter worth about $27,000. Finally, Promus Capital LLC acquired a new stake in shares of Toll Brothers in the 4th quarter valued at about $29,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TOL. Wells Fargo & Company decreased their price target on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Evercore ISI boosted their price target on Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Wedbush restated an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. The Goldman Sachs Group lowered their target price on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Finally, UBS Group reduced 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 report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $147.57.

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Toll Brothers Stock Performance

Shares of TOL traded down $3.66 during mid-day trading on Friday, reaching $105.15. 1,305,692 shares of the company's stock traded hands, compared to its average volume of 1,468,280. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The business's 50-day moving average price is $118.90 and its 200-day moving average price is $136.43. The stock has a market capitalization of $10.50 billion, a P/E ratio of 7.24, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 12 month low of $102.49 and a 12 month high of $169.52.

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

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio is currently 6.88%.

Insiders Place Their Bets

In related news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company's stock, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,764 shares of company stock worth $1,476,523. 1.54% of the stock is owned by corporate insiders.

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.