Massachusetts Financial Services Co. MA Decreases Position in Toll Brothers, Inc. (NYSE:TOL)

Massachusetts Financial Services Co. MA reduced its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,942,197 shares of the construction company's stock after selling 113,867 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.94% of Toll Brothers worth $244,620,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TOL. ORG Partners LLC acquired a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new position in Toll Brothers in the 4th quarter valued at about $27,000. Promus Capital LLC bought a new position in shares of Toll Brothers in the fourth quarter valued at $29,000. IAG Wealth Partners LLC increased its holdings in shares of Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. raised its holdings in shares of Toll Brothers by 806.5% during 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 in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TOL. Wedbush reiterated an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research report on Friday, February 14th. Royal Bank of Canada lowered their price target on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Wells Fargo & Company cut their target price on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, StockNews.com raised Toll Brothers from a "sell" rating to a "hold" rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toll Brothers has a consensus rating of "Moderate Buy" and a consensus price target of $146.93.

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Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.54% of the company's stock.

Toll Brothers Trading Up 5.6 %

Shares of TOL stock traded up $5.08 on Wednesday, hitting $95.58. The company had a trading volume of 6,395,512 shares, compared to its average volume of 1,523,760. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The firm has a market cap of $9.55 billion, a P/E ratio of 6.58, a P/E/G ratio of 1.02 and a beta of 1.48. The stock's 50-day moving average is $111.23 and its two-hundred day moving average is $133.03. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL - Get Free Report) last announced 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 business 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%. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.05%. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

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.