Kapitalo Investimentos Ltda Acquires New Shares in Toll Brothers, Inc. (NYSE:TOL)

Kapitalo Investimentos Ltda purchased a new position in Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 953 shares of the construction company’s stock, valued at approximately $120,000.

Other hedge funds have also recently bought and sold shares of the company. Fiduciary Alliance LLC acquired a new position in Toll Brothers during the fourth quarter worth $1,117,000. Franklin Resources Inc. raised its stake in Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after acquiring an additional 9,195 shares during the period. World Investment Advisors LLC acquired a new stake in Toll Brothers during the 3rd quarter valued at $12,506,000. Jennison Associates LLC lifted its stake in shares of Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after buying an additional 341,980 shares during the last quarter. Finally, Lecap Asset Management Ltd. boosted its holdings in shares of Toll Brothers by 721.8% during the 4th quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock worth $2,087,000 after buying an additional 14,551 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $100.82 on Thursday. The firm has a market cap of $10.07 billion, a PE ratio of 6.94, 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 firm’s fifty day moving average is $102.86 and its 200-day moving average is $127.41. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

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

Toll Brothers Increases Dividend

The company 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 represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is currently 6.88%.

Insider Transactions at Toll Brothers

In related 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 transaction 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. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TOL shares. Bank of America reduced their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Keefe, Bruyette & Woods dropped their price objective on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. Oppenheimer lowered their price objective on Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, StockNews.com downgraded Toll Brothers from a “hold” rating to a “sell” rating in a research note on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $144.79.

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.