Fmr LLC Acquires 410,394 Shares of Toll Brothers, Inc. (NYSE:TOL)

FMR LLC boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 19.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,528,853 shares of the construction company's stock after purchasing an additional 410,394 shares during the quarter. FMR LLC owned 2.53% of Toll Brothers worth $318,509,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of Toll Brothers by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock valued at $276,263,000 after buying an additional 35,001 shares during the period. Jennison Associates LLC increased its position in shares of Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company's stock valued at $154,449,000 after purchasing an additional 341,980 shares during the period. Norges Bank acquired a new position in shares of Toll Brothers in the fourth quarter valued at $149,924,000. Pictet Asset Management Holding SA lifted its position in Toll Brothers by 21.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 784,412 shares of the construction company's stock worth $98,797,000 after purchasing an additional 140,133 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Toll Brothers during the fourth quarter worth $43,615,000. 91.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

TOL has been the subject of a number of analyst reports. Wedbush reaffirmed an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. UBS Group cut their price target 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. Keefe, Bruyette & Woods lowered their price objective on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. Barclays dropped their target price on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Finally, Citigroup decreased their price target on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $144.79.

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Toll Brothers Price Performance

TOL traded up $0.49 during midday trading on Monday, hitting $94.11. The company had a trading volume of 1,565,935 shares, compared to its average volume of 1,533,508. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a market capitalization of $9.40 billion, a PE ratio of 6.48, a P/E/G ratio of 1.02 and a beta of 1.48. 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 firm's 50-day simple moving average is $109.66 and its 200-day simple moving average is $132.08.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Equities research analysts predict that Toll Brothers, Inc. will post 13.83 EPS 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. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers's dividend payout ratio is currently 6.88%.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now owns 13,186 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 1.54% of the stock is currently owned by company insiders.

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.