AQR Capital Management LLC Boosts Holdings in Toll Brothers, Inc. (NYSE:TOL)

AQR Capital Management LLC raised its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 24.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,216,625 shares of the construction company’s stock after acquiring an additional 239,917 shares during the period. AQR Capital Management LLC’s holdings in Toll Brothers were worth $153,234,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TOL. ORG Partners LLC purchased a new position in Toll Brothers during the fourth quarter valued at $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Toll Brothers in the fourth quarter worth about $27,000. Promus Capital LLC purchased a new stake in shares of Toll Brothers in the fourth quarter worth about $29,000. IAG Wealth Partners LLC boosted its stake in Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock valued at $33,000 after buying an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. raised its holdings in shares of Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after acquiring an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 0.6 %

Shares of NYSE TOL opened at $100.48 on Wednesday. The stock has a 50 day moving average price of $103.07 and a 200 day moving average price of $127.59. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 6.92, a PEG 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 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 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 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 expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is presently 6.88%.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the topic of several research reports. UBS Group reduced their price target on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. StockNews.com cut shares of Toll Brothers from a “hold” rating to a “sell” rating in a research report on Friday, April 25th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Finally, Wells Fargo & Company cut their target price 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. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $144.79.

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.