Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 5.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 320,329 shares of the construction company’s stock after buying an additional 17,682 shares during the quarter. Janus Henderson Group PLC’s holdings in Toll Brothers were worth $40,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of Toll Brothers by 19.4% during the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock worth $318,509,000 after buying an additional 410,394 shares during the period. Geode Capital Management LLC raised its stake in Toll Brothers by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock valued at $276,263,000 after buying an additional 35,001 shares in the last quarter. Invesco Ltd. raised its stake 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 buying an additional 236,402 shares in the last quarter. Jennison Associates LLC increased its position 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, AQR Capital Management LLC increased its position in shares of Toll Brothers by 24.6% during the fourth quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company’s stock worth $153,234,000 after purchasing an additional 239,917 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TOL. Oppenheimer cut their target price on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Barclays cut their target price on Toll Brothers from $101.00 to $92.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group dropped their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research report on Thursday, February 20th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company dropped their price target on Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.79.

Toll Brothers Stock Performance

NYSE TOL opened at $105.05 on Thursday. 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 business’s 50 day moving average is $101.57 and its two-hundred day moving average is $124.04. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The stock has a market capitalization of $10.49 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.25 per share. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 0.95%. Toll Brothers’s payout ratio is presently 6.88%.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction that occurred 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 through this hyperlink. 1.54% of the stock is currently owned by insiders.

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.