Toll Brothers, Inc. (NYSE:TOL) Stake Raised by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd raised its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 30.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 10,675 shares of the construction company's stock after buying an additional 2,475 shares during the period. Catalyst Funds Management Pty Ltd's holdings in Toll Brothers were worth $1,345,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. State Street Corp grew its holdings in Toll Brothers by 1.2% during the third quarter. State Street Corp now owns 3,662,387 shares of the construction company's stock worth $565,802,000 after purchasing an additional 42,871 shares during the period. Geode Capital Management LLC grew its stake 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 last quarter. FMR LLC lifted its holdings in Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company's stock valued at $327,281,000 after buying an additional 1,046,758 shares during the period. Jennison Associates LLC lifted its holdings 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 buying an additional 341,980 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Toll Brothers during the third quarter valued at about $111,562,000. Institutional investors and hedge funds own 91.76% of the company's stock.

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Toll Brothers Price Performance

TOL traded up $1.98 during midday trading on Wednesday, hitting $106.98. 1,811,244 shares of the company traded hands, compared to its average volume of 1,416,151. 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 company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 7.36, a PEG ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 52-week low of $102.49 and a 52-week high of $169.52. The business has a 50 day simple moving average of $122.36 and a two-hundred day simple moving average of $138.22.

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 the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, equities analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 6.88%.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 204 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares of the company's stock, valued at $972,027.84. This represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now owns 20,618 shares in the company, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,785 shares of company stock worth $1,479,185. 1.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

TOL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Wells Fargo & Company lowered their target price on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a research note on Thursday, February 20th. Barclays lowered their price objective on shares of Toll Brothers from $115.00 to $101.00 and set an "underweight" rating on the stock in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods reduced their target price on shares of 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, Citigroup cut their price target on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and an average price target of $147.57.

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.