Zimmer Partners LP Buys 65,000 Shares of Toll Brothers, Inc. (NYSE:TOL)

Zimmer Partners LP grew its stake in Toll Brothers, Inc. (NYSE:TOL) by 185.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 100,000 shares of the construction company’s stock after purchasing an additional 65,000 shares during the period. Zimmer Partners LP’s holdings in Toll Brothers were worth $12,595,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC lifted its stake 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 valued at $154,449,000 after purchasing an additional 341,980 shares during the last quarter. Lecap Asset Management Ltd. lifted its stake in shares of Toll Brothers by 721.8% in the 4th quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock valued at $2,087,000 after purchasing an additional 14,551 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Toll Brothers by 66.7% in the 4th quarter. Jones Financial Companies Lllp now owns 5,290 shares of the construction company’s stock valued at $666,000 after purchasing an additional 2,116 shares during the last quarter. Whalen Wealth Management Inc. bought a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $236,000. Finally, OMC Financial Services LTD bought a new stake in shares of Toll Brothers in the 4th quarter valued at approximately $2,330,000. 91.76% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Christine Garvey sold 420 shares of Toll Brothers 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 directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. This trade represents a 3.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TOL shares. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Bank of America decreased their price target on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Keefe, Bruyette & Woods decreased their price target on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research note on Tuesday, February 25th. Barclays decreased their price target on Toll Brothers from $101.00 to $92.00 and set an “underweight” rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group decreased their price target on Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. One research 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 company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $143.64.

Toll Brothers Trading Down 1.3%

Shares of NYSE TOL opened at $105.83 on Tuesday. 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 business has a fifty day simple moving average of $101.54 and a two-hundred day simple moving average of $122.84. The firm has a market cap of $10.57 billion, a PE ratio of 7.28, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL) last issued 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). 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 the consensus estimate of $1.91 billion. Analysts expect 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. Stockholders of record on Friday, April 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. Toll Brothers’s dividend payout ratio (DPR) is currently 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.