Marshall Wace LLP Takes Position in Toll Brothers, Inc. (NYSE:TOL)

Marshall Wace LLP acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 231,956 shares of the construction company's stock, valued at approximately $29,215,000. Marshall Wace LLP owned approximately 0.23% of Toll Brothers at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC bought a new position in shares of Toll Brothers in the fourth quarter worth $25,000. Lee Danner & Bass Inc. bought a new position in Toll Brothers in the 4th quarter worth about $27,000. Promus Capital LLC purchased a new stake in shares of 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. grew its holdings in shares of Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Insider Buying and Selling

In other 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 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Up 1.4 %

Shares of Toll Brothers stock traded up $1.39 on Thursday, reaching $99.58. The company's stock had a trading volume of 333,085 shares, compared to its average volume of 1,534,628. The company has a market capitalization of $9.95 billion, a price-to-earnings ratio of 6.85, a P/E/G ratio of 1.02 and a beta of 1.48. The firm's fifty day simple moving average is $104.53 and its two-hundred day simple moving average is $129.12. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The business 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%. Equities analysts anticipate 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 will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is presently 6.88%.

Analyst Ratings Changes

TOL has been the subject of several research analyst reports. Oppenheimer dropped their target price on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Citigroup cut their target price on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. Royal Bank of Canada reduced their target price on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Barclays reduced their target price on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Finally, UBS Group reduced their target price on Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average price target of $144.79.

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.