Arrowstreet Capital Limited Partnership Sells 135,814 Shares of Toll Brothers, Inc. (NYSE:TOL)

Arrowstreet Capital Limited Partnership lessened its stake in Toll Brothers, Inc. (NYSE:TOL) by 29.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 328,961 shares of the construction company’s stock after selling 135,814 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.33% of Toll Brothers worth $41,433,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fiduciary Alliance LLC purchased a new position in Toll Brothers during the 4th quarter valued at approximately $1,117,000. Franklin Resources Inc. increased its position in Toll Brothers by 5.4% in the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock worth $27,659,000 after purchasing an additional 9,195 shares during the last quarter. World Investment Advisors LLC bought a new position in Toll Brothers during the third quarter valued at $12,506,000. MML Investors Services LLC grew its stake in shares of Toll Brothers by 22.4% in the 3rd quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock worth $3,554,000 after buying an additional 4,209 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in shares of Toll Brothers by 38.7% in 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. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Up 1.5 %

TOL opened at $106.85 on Thursday. 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 stock’s fifty day moving average is $117.11 and its two-hundred day moving average is $135.64. The company has a market capitalization of $10.67 billion, a P/E ratio of 7.35, a PEG ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 52 week low of $101.50 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last announced 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). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s payout ratio is currently 6.88%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Bank of America dropped their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. UBS Group cut their target price on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Barclays reduced their target price on shares of Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. Finally, StockNews.com cut shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Friday, March 28th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the company’s 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 completion of the sale, the director now owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.54% of the company’s stock.

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.