346,289 Shares in Toll Brothers, Inc. (NYSE:TOL) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 346,289 shares of the construction company's stock, valued at approximately $43,615,000. Raymond James Financial Inc. owned approximately 0.35% of Toll Brothers at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TOL. Morse Asset Management Inc bought a new stake in Toll Brothers during the third quarter valued at $62,000. Orion Portfolio Solutions LLC grew its position in Toll Brothers by 30.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,889 shares of the construction company's stock valued at $446,000 after buying an additional 673 shares in the last quarter. Barclays PLC raised its position in shares of Toll Brothers by 3.9% during the 3rd quarter. Barclays PLC now owns 233,681 shares of the construction company's stock worth $36,103,000 after buying an additional 8,794 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of Toll Brothers by 59.9% in the third quarter. Toronto Dominion Bank now owns 3,197 shares of the construction company's stock valued at $494,000 after acquiring an additional 1,197 shares in the last quarter. Finally, Invst LLC acquired a new position in shares of Toll Brothers during the third quarter valued at approximately $262,000. Institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank of Canada dropped their price objective 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. Wedbush reissued an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Barclays decreased their price target on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods decreased their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. Finally, 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 research report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.79.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction 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 transaction, 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 filing with the SEC, which is available through the SEC website. Insiders own 1.54% of the company's stock.

Toll Brothers Stock Up 2.2 %

Shares of NYSE:TOL traded up $2.06 during trading on Friday, reaching $93.87. 1,437,255 shares of the company traded hands, compared to its average volume of 1,531,070. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year 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. 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 firm has a fifty day simple moving average of $106.79 and a 200 day simple moving average of $130.70.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date 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 yield of 1.07%. Toll Brothers's payout ratio is 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.