Arrowstreet Capital Limited Partnership Decreases Holdings in Toll Brothers, Inc. (NYSE:TOL)

Arrowstreet Capital Limited Partnership reduced its position in Toll Brothers, Inc. (NYSE:TOL) by 29.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 328,961 shares of the construction company’s stock after selling 135,814 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Toll Brothers were worth $41,433,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Level Four Advisory Services LLC purchased a new stake in shares of Toll Brothers during the fourth quarter worth about $214,000. denkapparat Operations GmbH purchased a new stake in Toll Brothers during the 4th quarter worth approximately $290,000. Pictet Asset Management Holding SA increased its stake in Toll Brothers by 21.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 784,412 shares of the construction company’s stock valued at $98,797,000 after purchasing an additional 140,133 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Toll Brothers in the fourth quarter worth $2,783,000. Finally, Norges Bank acquired a new stake in shares of Toll Brothers during the fourth quarter worth $149,924,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $106.85 on Thursday. The firm has a market cap of $10.67 billion, a PE ratio of 7.35, a P/E/G ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a twelve month low of $101.50 and a twelve month high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $117.11 and a 200 day moving average price of $135.64.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Sell-side analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. Toll Brothers’s dividend payout ratio (DPR) is 6.88%.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. 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 dropped their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Evercore ISI upped their price objective on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.54% of the company’s stock.

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.