Tower Research Capital LLC TRC Purchases 7,591 Shares of Toll Brothers, Inc. (NYSE:TOL)

Tower Research Capital LLC TRC increased its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 248.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,646 shares of the construction company's stock after purchasing an additional 7,591 shares during the period. Tower Research Capital LLC TRC's holdings in Toll Brothers were worth $1,341,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fiduciary Alliance LLC acquired a new stake in Toll Brothers in the 4th quarter valued at $1,117,000. Franklin Resources Inc. lifted its holdings in Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock valued at $27,659,000 after purchasing an additional 9,195 shares during the last quarter. World Investment Advisors LLC bought a new stake in Toll Brothers during the third quarter worth about $12,506,000. Jennison Associates LLC increased its holdings 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 worth $154,449,000 after buying an additional 341,980 shares in the last quarter. Finally, Lecap Asset Management Ltd. boosted its holdings in shares of Toll Brothers by 721.8% in the 4th quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company's stock worth $2,087,000 after acquiring an additional 14,551 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Toll Brothers Trading Down 1.0 %

Shares of Toll Brothers stock traded down $1.06 during trading hours on Friday, hitting $100.00. The company's stock had a trading volume of 972,871 shares, compared to its average volume of 1,545,424. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The company has a market capitalization of $9.99 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The stock has a 50 day moving average of $103.64 and a 200 day moving average of $128.27.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results 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). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a $0.25 dividend. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers's payout ratio is currently 6.88%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on TOL shares. Citigroup reduced their price objective 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. The Goldman Sachs Group dropped their target price on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company reduced their target price on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating on the stock in a research report on Monday, April 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. Finally, Oppenheimer lowered their target price on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $144.79.

Insider Buying and Selling

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

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.