Woodline Partners LP Purchases New Position in Toll Brothers, Inc. (NYSE:TOL)

Woodline Partners LP purchased a new stake in shares of Toll Brothers, Inc. (NYSE:TOLFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 121,284 shares of the construction company’s stock, valued at approximately $15,276,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after acquiring an additional 75 shares during the last quarter. Nilsine Partners LLC raised its stake in shares of Toll Brothers by 0.5% in the fourth quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company’s stock worth $2,433,000 after acquiring an additional 88 shares during the last quarter. Insigneo Advisory Services LLC raised its stake in shares of Toll Brothers by 4.7% in the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company’s stock worth $251,000 after acquiring an additional 89 shares during the last quarter. Peapack Gladstone Financial Corp raised its stake in shares of Toll Brothers by 5.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company’s stock worth $227,000 after acquiring an additional 100 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of Toll Brothers by 1.7% in the fourth quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company’s stock worth $762,000 after acquiring an additional 100 shares during the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Down 0.4%

Shares of NYSE TOL opened at $104.10 on Thursday. The stock has a market cap of $10.40 billion, a P/E ratio of 7.16, a P/E/G ratio of 1.02 and a beta of 1.45. The firm has a 50 day moving average price of $101.55 and a 200 day moving average price of $122.58. 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, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOLGet Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.38 earnings per share. Analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is currently 6.88%.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the business’s 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 transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Toll Brothers in a research note on Tuesday. Wells Fargo & Company dropped their target price on shares of Toll Brothers from $150.00 to $120.00 and set an “overweight” rating for the company in a research note on Monday, April 14th. Barclays reaffirmed an “underweight” rating on shares of Toll Brothers in a research note on Tuesday. Bank of America lowered their price target on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Wedbush reiterated an “outperform” rating on shares of Toll Brothers in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.64.

Get Our Latest Stock Report on Toll Brothers

Toll Brothers Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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