Mitsubishi UFJ Trust & Banking Corp Has $4.25 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,728 shares of the construction company's stock after selling 4,023 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Toll Brothers were worth $4,248,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company's stock valued at $565,802,000 after acquiring an additional 42,871 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Toll Brothers by 4.1% in the third quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company's stock worth $333,444,000 after purchasing an additional 84,652 shares during the period. Jennison Associates LLC raised its stake in Toll Brothers by 38.7% in the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock valued at $154,449,000 after purchasing an additional 341,980 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Toll Brothers during the fourth quarter worth about $43,615,000. Finally, Burney Co. grew its stake in Toll Brothers by 6.0% during the fourth quarter. Burney Co. now owns 339,856 shares of the construction company's stock worth $42,805,000 after buying an additional 19,373 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Trading Up 2.4 %

NYSE:TOL traded up $2.34 during mid-day trading on Friday, hitting $100.73. 3,035,108 shares of the company's stock were exchanged, compared to its average volume of 1,483,984. Toll Brothers, Inc. has a fifty-two week low of $95.00 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 capitalization of $10.06 billion, a P/E ratio of 6.93, a PEG ratio of 1.02 and a beta of 1.48. The company has a 50 day simple moving average of $115.67 and a 200-day simple moving average of $134.93.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly 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). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 dividend yield of 0.99%. 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 payout ratio is 6.88%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TOL. Citigroup dropped 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. UBS Group cut their target price on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Barclays decreased their price target on Toll Brothers from $115.00 to $101.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 25th. Oppenheimer dropped their price objective on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, StockNews.com upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research report on Saturday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.57.

Insider Activity

In other news, Director Christine Garvey sold 420 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now directly 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 document filed with the SEC, which is available through the SEC website. Insiders own 1.54% of the company's stock.

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.