QRG Capital Management Inc. Increases Position in Toll Brothers, Inc. (NYSE:TOL)

QRG Capital Management Inc. increased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 12.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,771 shares of the construction company’s stock after purchasing an additional 3,421 shares during the quarter. QRG Capital Management Inc.’s holdings in Toll Brothers were worth $3,876,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TOL. Capital Performance Advisors LLP purchased a new stake in shares of Toll Brothers in the third quarter valued at approximately $27,000. Brooklyn Investment Group purchased a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC grew its stake in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after acquiring an additional 66 shares during the period. ORG Partners LLC purchased a new stake in Toll Brothers in the 4th quarter worth $25,000. Finally, DiNuzzo Private Wealth Inc. raised 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 acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.9 %

Shares of TOL opened at $111.64 on Friday. Toll Brothers, Inc. has a 52-week low of $108.86 and a 52-week high of $169.52. 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 stock has a fifty day simple moving average of $126.93 and a two-hundred day simple moving average of $140.84. The company has a market capitalization of $11.15 billion, a PE ratio of 7.68, a price-to-earnings-growth ratio of 1.02 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.24). The firm had revenue of $1.86 billion for 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%. As a group, equities analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.82%. The ex-dividend date was Friday, January 10th. Toll Brothers’s payout ratio is presently 6.33%.

Insider Activity at Toll Brothers

In related news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the sale, the chief financial officer now directly owns 20,618 shares in the company, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now directly owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,622 shares of company stock worth $1,993,880. Insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a research report on Tuesday, February 25th. UBS Group lowered their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Barclays cut their price objective on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a research note on Tuesday, February 25th. Evercore ISI raised their target price on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price target on Toll Brothers from $170.00 to $150.00 and set an “overweight” 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 assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Company 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.