Toll Brothers, Inc. (NYSE:TOL) Position Boosted by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 46.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,581 shares of the construction company’s stock after acquiring an additional 22,426 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.07% of Toll Brothers worth $8,890,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in Toll Brothers by 38.7% in the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after acquiring an additional 341,980 shares during the last quarter. Lecap Asset Management Ltd. lifted its holdings in Toll Brothers by 721.8% in the fourth quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock worth $2,087,000 after acquiring an additional 14,551 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Toll Brothers by 66.7% in the fourth quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company’s stock worth $666,000 after acquiring an additional 2,116 shares during the last quarter. Whalen Wealth Management Inc. bought a new position in Toll Brothers in the fourth quarter worth about $236,000. Finally, Hennessy Advisors Inc. lifted its holdings in Toll Brothers by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 78,900 shares of the construction company’s stock worth $9,937,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TOL. Wedbush reissued an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Thursday. The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reduced their price objective on Toll Brothers from $139.00 to $133.00 and set an “outperform” rating for the company in a research report on Friday. Keefe, Bruyette & Woods reduced their price objective on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. Finally, Oppenheimer reduced their price objective on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.64.

Insiders Place Their Bets

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 value of $46,443.60. Following the transaction, the director now owns 13,186 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. 1.54% of the stock is currently owned by insiders.

Toll Brothers Stock Performance

TOL opened at $107.01 on Friday. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The business has a 50 day moving average price of $101.56 and a two-hundred day moving average price of $123.46.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm 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%. Research analysts predict that Toll Brothers, Inc. will post 13.83 EPS 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 represents a $1.00 dividend on an annualized basis and a yield of 0.93%. 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. Toll Brothers’s dividend payout ratio is 6.88%.

About Toll Brothers

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.