Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC raised its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 450.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,547 shares of the construction company's stock after purchasing an additional 6,993 shares during the quarter. Wealthfront Advisers LLC's holdings in Toll Brothers were worth $1,076,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Marathon Trading Investment Management LLC purchased a new position in shares of Toll Brothers in the fourth quarter worth $630,000. Vista Investment Partners II LLC bought a new stake in Toll Brothers in the fourth quarter worth $1,213,000. Independent Advisor Alliance increased its position in Toll Brothers by 10.1% in the fourth quarter. Independent Advisor Alliance now owns 2,450 shares of the construction company's stock worth $309,000 after purchasing an additional 225 shares during the last quarter. Moran Wealth Management LLC increased its position in Toll Brothers by 5.4% in the fourth quarter. Moran Wealth Management LLC now owns 34,674 shares of the construction company's stock worth $4,367,000 after purchasing an additional 1,787 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Toll Brothers by 24.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,130 shares of the construction company's stock worth $3,795,000 after purchasing an additional 5,832 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

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Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the 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 sale, the chief financial officer now directly owns 20,618 shares of the company's stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christine Garvey sold 420 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now directly owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,785 shares of company stock valued at $1,479,185 over the last three months. 1.54% of the stock is owned by company insiders.

Toll Brothers Stock Up 1.9 %

NYSE:TOL traded up $1.98 during mid-day trading on Wednesday, reaching $106.98. The company's stock had a trading volume of 1,801,553 shares, compared to its average volume of 1,416,113. Toll Brothers, Inc. has a 1 year low of $102.49 and a 1 year high of $169.52. The stock has a fifty day moving average of $122.36 and a 200-day moving average of $138.22. The firm has a market capitalization of $10.69 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data 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). 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 during the quarter, compared to analysts' expectations of $1.91 billion. Equities research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current 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 paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. Toll Brothers's dividend payout ratio is 6.88%.

Analyst Ratings Changes

TOL has been the topic of several research reports. UBS Group reduced their price target on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Bank of America reduced their price target on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. StockNews.com cut shares of Toll Brothers from a "hold" rating to a "sell" rating in a research report on Wednesday. Evercore ISI boosted their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $150.00 price objective (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toll Brothers presently has a consensus 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.