Lighthouse Investment Partners LLC Acquires New Position in Toll Brothers, Inc. (NYSE:TOL)

Lighthouse Investment Partners LLC acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 113,456 shares of the construction company’s stock, valued at approximately $14,290,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in Toll Brothers during the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new stake in Toll Brothers in the fourth quarter worth approximately $27,000. Promus Capital LLC bought a new stake in Toll Brothers in the fourth quarter worth approximately $29,000. IAG Wealth Partners LLC grew its position in Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after acquiring an additional 238 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its position in Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after acquiring an additional 250 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Trading Down 0.4%

Shares of TOL stock opened at $103.49 on Monday. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The stock has a market cap of $10.34 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 1.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The firm has a fifty day moving average of $101.74 and a 200-day moving average of $124.56.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data 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 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 analyst estimates of $1.91 billion. On average, equities research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a $0.25 dividend. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. Toll Brothers’s dividend payout ratio is currently 6.88%.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Royal Bank of Canada decreased their target price on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Keefe, Bruyette & Woods decreased their target price on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. Oppenheimer decreased their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group decreased 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 report on Thursday, February 20th. Finally, Wells Fargo & Company reduced their price objective 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. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $144.79.

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.