Trexquant Investment LP Makes New $3.62 Million Investment in Toll Brothers, Inc. (NYSE:TOL)

Trexquant Investment LP acquired a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,719 shares of the construction company’s stock, valued at approximately $3,617,000.

A number of other hedge funds have also made changes to their positions in TOL. Headlands Technologies LLC boosted its stake in Toll Brothers by 804.5% during the 4th quarter. Headlands Technologies LLC now owns 4,631 shares of the construction company’s stock valued at $583,000 after purchasing an additional 4,119 shares in the last quarter. Geode Capital Management LLC boosted its stake in Toll Brothers by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company’s stock valued at $276,263,000 after buying an additional 35,001 shares in the last quarter. Diametric Capital LP grew its holdings in Toll Brothers by 134.9% during the fourth quarter. Diametric Capital LP now owns 3,288 shares of the construction company’s stock worth $414,000 after acquiring an additional 1,888 shares during the period. National Bank of Canada FI raised its position in Toll Brothers by 32.0% in the fourth quarter. National Bank of Canada FI now owns 58,078 shares of the construction company’s stock worth $7,315,000 after acquiring an additional 14,080 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in Toll Brothers by 0.7% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 35,430 shares of the construction company’s stock valued at $4,462,000 after acquiring an additional 247 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insiders Place Their Bets

In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TOL. The Goldman Sachs Group lowered their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada reduced 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. StockNews.com raised Toll Brothers from a “sell” rating to a “hold” rating in a report on Saturday. UBS Group reduced their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers Price Performance

NYSE TOL opened at $100.73 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 6.93, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company has a 50 day simple moving average of $115.67 and a 200-day simple moving average of $134.82. Toll Brothers, Inc. has a 52-week low of $95.00 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Equities research analysts predict 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 will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s 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.