First Trust Advisors LP Increases Holdings in Toll Brothers, Inc. (NYSE:TOL)

First Trust Advisors LP raised its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 29.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 962,528 shares of the construction company's stock after buying an additional 221,543 shares during the period. First Trust Advisors LP owned 0.96% of Toll Brothers worth $121,230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morse Asset Management Inc acquired a new position in shares of Toll Brothers during the 3rd quarter worth about $62,000. Barclays PLC increased its position in 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 during the period. Invst LLC acquired a new stake in Toll Brothers in the 3rd quarter worth about $262,000. Virtu Financial LLC grew its position in Toll Brothers by 175.5% during the third quarter. Virtu Financial LLC now owns 8,477 shares of the construction company's stock worth $1,310,000 after buying an additional 5,400 shares in the last quarter. Finally, World Investment Advisors LLC bought a new position in shares of Toll Brothers in the third quarter worth $12,506,000. Institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Performance

Shares of TOL stock traded down $1.06 during trading hours on Friday, hitting $100.00. 972,861 shares of the company were exchanged, compared to its average volume of 1,539,892. 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 fifty day simple moving average of $104.08 and a 200 day simple moving average of $128.78. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 6.88, a P/E/G ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL - Get Free Report) last issued 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). The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 1.00%. Toll Brothers's payout ratio is presently 6.88%.

Insiders Place Their Bets

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business'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 completion of the sale, the director now directly owns 13,186 shares of the company's stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.54% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Bank of America lowered their price objective 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. Oppenheimer cut their price target on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. UBS Group lowered their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, Citigroup lowered their target price on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $144.79.

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.