Ieq Capital LLC Increases Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Ieq Capital LLC grew its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 395.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,290 shares of the construction company's stock after purchasing an additional 12,207 shares during the period. Ieq Capital LLC's holdings in Toll Brothers were worth $1,926,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Fiduciary Alliance LLC purchased a new stake in Toll Brothers in the fourth quarter valued at $1,117,000. Franklin Resources Inc. boosted its stake in shares of Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock worth $27,659,000 after buying an additional 9,195 shares during the last quarter. World Investment Advisors LLC acquired a new stake in Toll Brothers during the third quarter worth about $12,506,000. Chartwell Investment Partners LLC raised its position in Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company's stock valued at $5,453,000 after acquiring an additional 14,092 shares in the last quarter. Finally, Avior Wealth Management LLC raised its position in Toll Brothers by 4,894.1% during the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company's stock valued at $525,000 after acquiring an additional 3,328 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

NYSE:TOL traded up $4.87 during trading hours on Tuesday, hitting $115.42. 1,658,715 shares of the stock were exchanged, compared to its average volume of 1,767,133. The firm's fifty day moving average price is $128.09 and its 200 day moving average price is $141.38. Toll Brothers, Inc. has a 52-week low of $108.86 and a 52-week high of $169.52. The company has a market cap of $11.53 billion, a P/E ratio of 7.94, a P/E/G ratio of 1.02 and a beta of 1.76. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results 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). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were issued a dividend of $0.23 per share. The ex-dividend date was Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. Toll Brothers's dividend payout ratio is currently 6.33%.

Insider Activity

In related news, Director Paul E. Shapiro sold 3,837 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 directly owns 20,618 shares in the company, valued at $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on TOL. Royal Bank of Canada dropped their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. The Goldman Sachs Group lowered their price target on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Keefe, Bruyette & Woods lowered 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 research note on Tuesday. Finally, Citigroup dropped 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and a consensus target price of $147.57.

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.