Rockefeller Capital Management L.P. Invests $1.68 Million in Toll Brothers, Inc. (NYSE:TOL)

Rockefeller Capital Management L.P. purchased a new stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 13,301 shares of the construction company's stock, valued at approximately $1,676,000.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC acquired a new stake in shares of Toll Brothers in the fourth quarter worth $25,000. Lee Danner & Bass Inc. purchased a new stake in Toll Brothers in the 4th quarter worth about $27,000. Promus Capital LLC acquired a new stake in Toll Brothers during the 4th quarter worth about $29,000. IAG Wealth Partners LLC grew its stake in 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 in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased its holdings in shares of Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock traded up $0.73 on Wednesday, reaching $98.20. The stock had a trading volume of 2,256,126 shares, compared to its average volume of 1,538,662. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The business's 50-day moving average price is $105.04 and its two-hundred day moving average price is $129.33. 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 stock has a market cap of $9.81 billion, a P/E ratio of 6.76, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. On average, sell-side analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current 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 issued a $0.25 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the firm'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 in the company, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.54% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on TOL shares. Bank of America decreased their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Barclays dropped 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 note on Tuesday, April 8th. Wedbush reiterated an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Royal Bank of Canada lowered 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. Finally, Citigroup cut their price target on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $144.79.

Toll Brothers 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.