Two Sigma Advisers LP Grows Position in Toll Brothers, Inc. (NYSE:TOL)

Two Sigma Advisers LP lifted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 104.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 138,600 shares of the construction company’s stock after purchasing an additional 70,800 shares during the quarter. Two Sigma Advisers LP owned about 0.14% of Toll Brothers worth $17,457,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC grew its stake in 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 lifted its holdings in shares of Toll Brothers by 1.6% during 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 acquiring an additional 35,001 shares in the last quarter. Invesco Ltd. boosted its position in Toll Brothers by 14.2% during the 4th quarter. Invesco Ltd. now owns 1,903,545 shares of the construction company’s stock worth $239,751,000 after purchasing an additional 236,402 shares during the period. Jennison Associates LLC increased its holdings in Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after purchasing an additional 341,980 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Toll Brothers by 24.6% in the 4th quarter. AQR Capital Management LLC now owns 1,216,625 shares of the construction company’s stock valued at $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.

Toll Brothers Trading Down 0.4%

TOL opened at $104.10 on Thursday. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock has a market capitalization of $10.40 billion, a PE ratio of 7.16, a P/E/G ratio of 1.02 and a beta of 1.45. The firm’s fifty day moving average price is $101.55 and its 200 day moving average price is $122.58.

Toll Brothers (NYSE:TOL) last issued its earnings results 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 business had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.38 EPS. As a group, research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were given a $0.25 dividend. This is a positive change 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 dividend yield of 0.96%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.88%.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TOL. The Goldman Sachs Group reduced their price objective on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Wedbush reissued an “outperform” rating on shares of Toll Brothers in a research report on Tuesday. 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. UBS Group reiterated a “buy” rating on shares of Toll Brothers in a research note on Tuesday. Finally, Royal Bank of Canada decreased their target price on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating for the company in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $143.64.

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.