Lecap Asset Management Ltd. Has $2.09 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Lecap Asset Management Ltd. increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 721.8% in the 4th quarter, HoldingsChannel reports. The firm owned 16,567 shares of the construction company’s stock after acquiring an additional 14,551 shares during the period. Lecap Asset Management Ltd.’s holdings in Toll Brothers were worth $2,087,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TOL. FMR LLC increased its holdings in Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in Toll Brothers in the third quarter valued at approximately $111,562,000. Jennison Associates LLC grew its stake in Toll Brothers by 38.7% in the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after acquiring an additional 341,980 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Toll Brothers in the third quarter valued at approximately $38,985,000. Finally, Castleark Management LLC acquired a new stake in Toll Brothers in the third quarter valued at approximately $23,629,000. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Stock Down 1.7 %

TOL stock opened at $132.70 on Friday. The stock’s fifty day simple moving average is $136.04 and its two-hundred day simple moving average is $142.53. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a 1-year low of $98.54 and a 1-year high of $169.52. The stock has a market cap of $13.26 billion, a P/E ratio of 8.83, a P/E/G ratio of 1.17 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. During the same quarter in the previous year, the firm earned $4.11 earnings per share. The business’s revenue was up 10.4% on a year-over-year basis. Analysts expect that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.69%. Toll Brothers’s payout ratio is presently 6.12%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now directly owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,202 shares of company stock worth $1,947,436 over the last ninety days. 1.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Evercore ISI raised their price objective on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Oppenheimer reissued an “outperform” rating and issued a $189.00 price objective on shares of Toll Brothers in a research note on Thursday, December 12th. Citigroup reduced their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $168.00 to $164.00 in a research note on Tuesday, December 10th. Finally, Wedbush reaffirmed an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $156.00.

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.