Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Evergreen Capital Management LLC

Evergreen Capital Management LLC increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 13.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,079 shares of the construction company’s stock after purchasing an additional 468 shares during the quarter. Evergreen Capital Management LLC’s holdings in Toll Brothers were worth $514,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TOL. FMR LLC increased its position in shares of Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock worth $318,509,000 after acquiring an additional 410,394 shares in the last quarter. Geode Capital Management LLC increased its holdings in Toll Brothers by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock valued at $276,263,000 after purchasing an additional 35,001 shares in the last quarter. Invesco Ltd. raised its position in Toll Brothers by 14.2% in the fourth quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock valued at $239,751,000 after purchasing an additional 236,402 shares during the period. Jennison Associates LLC lifted its stake in shares of Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after purchasing an additional 341,980 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Toll Brothers in the fourth quarter worth about $149,924,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TOL. Citigroup reduced their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Keefe, Bruyette & Woods dropped their price target on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 25th. Oppenheimer decreased their price objective 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. Barclays reduced their price target on Toll Brothers from $101.00 to $92.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. Finally, Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. One equities 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $144.79.

Toll Brothers Stock Up 2.2 %

NYSE:TOL opened at $93.87 on Friday. The firm has a market capitalization of $9.38 billion, a PE ratio of 6.46, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $106.17 and a 200-day moving average of $130.28.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Analysts predict 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 will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 1.07%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.88%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.54% of the stock is currently owned by company insiders.

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.