Shellback Capital LP Grows Holdings in Toll Brothers, Inc. (NYSE:TOL)

Shellback Capital LP increased its stake in Toll Brothers, Inc. (NYSE:TOL) by 571.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 360,000 shares of the construction company’s stock after acquiring an additional 306,422 shares during the period. Toll Brothers makes up approximately 3.1% of Shellback Capital LP’s investment portfolio, making the stock its 5th biggest position. Shellback Capital LP’s holdings in Toll Brothers were worth $45,342,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Lee Danner & Bass Inc. bought a new position in shares of Toll Brothers during the 4th quarter valued at about $27,000. Promus Capital LLC acquired a new stake in Toll Brothers during the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC boosted its holdings 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 worth $33,000 after buying an additional 238 shares in the last quarter. DiNuzzo Private Wealth Inc. grew its position in Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after buying an additional 250 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Toll Brothers by 34.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Bank of America decreased their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Oppenheimer cut their price objective on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday. Royal Bank of Canada decreased their target price on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, UBS Group dropped their target price 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. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.07.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the 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 transaction, the director now owns 13,186 shares in the company, valued at $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 can be accessed through this hyperlink. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 1.1%

TOL stock opened at $106.25 on Friday. The company has a 50 day moving average of $101.55 and a two-hundred day moving average of $123.74. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month 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.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. On average, equities analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal 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 $0.25 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers’s dividend payout ratio is presently 6.88%.

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.