Toll Brothers, Inc. (NYSE:TOL) Stake Raised by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. increased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 50.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 815,000 shares of the construction company’s stock after buying an additional 275,000 shares during the quarter. Adage Capital Partners GP L.L.C. owned about 0.82% of Toll Brothers worth $102,649,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC increased its holdings in shares of Toll Brothers by 136.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 2,093 shares of the construction company’s stock valued at $264,000 after purchasing an additional 1,208 shares during the period. MGO One Seven LLC grew its position in Toll Brothers by 6.9% in the 4th quarter. MGO One Seven LLC now owns 8,022 shares of the construction company’s stock valued at $1,010,000 after buying an additional 521 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Toll Brothers by 42.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 134,488 shares of the construction company’s stock valued at $16,939,000 after buying an additional 40,189 shares during the period. Pinebridge Investments L.P. raised its position in shares of Toll Brothers by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 22,968 shares of the construction company’s stock worth $2,893,000 after buying an additional 6,870 shares in the last quarter. Finally, Harvest Investment Services LLC lifted its stake in shares of Toll Brothers by 932.1% in the 4th quarter. Harvest Investment Services LLC now owns 14,996 shares of the construction company’s stock worth $1,889,000 after acquiring an additional 13,543 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Trading Up 5.5 %

Toll Brothers stock opened at $97.22 on Wednesday. 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. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 6.69, a P/E/G ratio of 1.02 and a beta of 1.48. The company has a 50 day moving average price of $105.04 and a 200 day moving average price of $129.33.

Toll Brothers (NYSE:TOL) last issued its 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 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 forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a $0.25 dividend. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. Toll Brothers’s dividend payout ratio is currently 6.88%.

Insider Transactions at Toll Brothers

In other Toll Brothers 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 transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TOL. Wedbush reissued an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a report on Friday, February 14th. StockNews.com upgraded Toll Brothers from a “sell” rating to a “hold” rating in a report on Saturday, April 5th. UBS Group lowered their target price on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Citigroup dropped their price target on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. One investment 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $144.79.

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.