New Age Alpha Advisors LLC Purchases New Shares in Toll Brothers, Inc. (NYSE:TOL)

New Age Alpha Advisors LLC purchased a new position 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. The fund purchased 22,100 shares of the construction company's stock, valued at approximately $2,783,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank acquired a new position in Toll Brothers during the fourth quarter worth about $149,924,000. Blair William & Co. IL raised its position in shares of Toll Brothers by 53.7% during the 4th quarter. Blair William & Co. IL now owns 29,009 shares of the construction company's stock worth $3,654,000 after purchasing an additional 10,140 shares during the last quarter. Caisse Des Depots ET Consignations acquired a new stake in Toll Brothers during the 4th quarter valued at $1,053,000. TIAA Trust National Association raised its holdings in shares of Toll Brothers by 1.0% in the fourth quarter. TIAA Trust National Association now owns 54,406 shares of the construction company's stock worth $6,852,000 after acquiring an additional 519 shares during the last quarter. Finally, Jackson Hill Advisors LLC raised its position in shares of Toll Brothers by 9.8% in the 4th quarter. Jackson Hill Advisors LLC now owns 95,000 shares of the construction company's stock worth $11,965,000 after buying an additional 8,500 shares during the period. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares of the company's stock, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.54% of the stock is owned by company insiders.

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Analysts Set New Price Targets

A number of brokerages have weighed in on TOL. Citigroup reduced their price target on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods decreased their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research report on Tuesday, February 25th. Bank of America decreased their price target on Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Oppenheimer lowered their price target on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Wells Fargo & Company dropped their target price on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research report on Thursday, February 20th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers currently has an average rating of "Moderate Buy" and an average target price of $147.57.

Toll Brothers Stock Performance

TOL stock traded down $9.60 during trading on Thursday, hitting $97.31. 574,357 shares of the company's stock traded hands, compared to its average volume of 1,465,647. Toll Brothers, Inc. has a 52 week low of $96.90 and a 52 week high of $169.52. The stock has a fifty day moving average price of $117.11 and a two-hundred day moving average price of $135.64. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $9.72 billion, a price-to-earnings ratio of 6.70, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48.

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 the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.03%. 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%.

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.