Adage Capital Partners GP L.L.C. Has $102.65 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Adage Capital Partners GP L.L.C. increased its position in Toll Brothers, Inc. (NYSE:TOL) by 50.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 815,000 shares of the construction company’s stock after acquiring an additional 275,000 shares during the period. Adage Capital Partners GP L.L.C.’s holdings in Toll Brothers were worth $102,649,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ORG Partners LLC acquired a new position in Toll Brothers during the fourth quarter worth $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Toll Brothers during the 4th quarter valued at about $27,000. Promus Capital LLC bought a new position in shares of Toll Brothers in the 4th quarter valued at approximately $29,000. IAG Wealth Partners LLC lifted its holdings in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after purchasing an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its position in Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after purchasing an additional 250 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Christine Garvey sold 420 shares of the business’s 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 sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $97.22 on Wednesday. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $105.04 and a 200 day simple moving average of $129.33. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 6.69, a PEG ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 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 business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Sell-side analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business 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. The ex-dividend date of this dividend is Friday, April 11th. This is a boost 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 1.03%. Toll Brothers’s dividend payout ratio is presently 6.88%.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. The Goldman Sachs Group cut their target price 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. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. Royal Bank of Canada cut their price objective on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Barclays lowered their target price on Toll Brothers from $101.00 to $92.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $144.79.

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.