Point72 Hong Kong Ltd Invests $65,000 in Toll Brothers, Inc. (NYSE:TOL)

Point72 Hong Kong Ltd acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) in the fourth quarter, Holdings Channel reports. The firm acquired 518 shares of the construction company’s stock, valued at approximately $65,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Toll Brothers during the fourth quarter worth approximately $149,924,000. Balyasny Asset Management L.P. grew its stake in Toll Brothers by 24,475.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,114,728 shares of the construction company’s stock worth $140,400,000 after purchasing an additional 1,110,192 shares in the last quarter. D1 Capital Partners L.P. bought a new position in Toll Brothers in the fourth quarter worth approximately $106,428,000. Junto Capital Management LP purchased a new position in Toll Brothers during the 4th quarter worth $54,929,000. Finally, FMR LLC raised its position in Toll Brothers by 19.4% during the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock valued at $318,509,000 after purchasing an additional 410,394 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $107.01 on Friday. The company has a market cap of $10.69 billion, a P/E ratio of 7.36, a PEG ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a fifty-two week low of $86.67 and a fifty-two week high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average price is $101.56 and its 200 day moving average price is $123.29.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). The business 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%. On average, research analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were issued a dividend of $0.25 per share. This is an increase 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 annualized dividend and a yield of 0.93%. Toll Brothers’s dividend payout ratio is 6.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TOL shares. Bank of America dropped their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Barclays dropped their target price on shares of Toll Brothers from $101.00 to $92.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price target on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a report on Tuesday, February 25th. The Goldman Sachs Group lowered their price target 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, Royal Bank of Canada cut their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a research report on Friday. 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 issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $143.64.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the stock in a transaction that occurred 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 sale, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available at this link. 1.54% of the stock is owned by corporate 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.