13,301 Shares in Toll Brothers, Inc. (NYSE:TOL) Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 13,301 shares of the construction company’s stock, valued at approximately $1,676,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Fiduciary Alliance LLC purchased a new stake in shares of Toll Brothers in the fourth quarter valued at $1,117,000. Franklin Resources Inc. lifted its holdings in shares of Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after buying an additional 9,195 shares during the last quarter. World Investment Advisors LLC bought a new stake in Toll Brothers in the third quarter worth approximately $12,506,000. Jennison Associates LLC boosted its holdings in Toll Brothers by 38.7% in the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after purchasing an additional 341,980 shares in the last quarter. Finally, Lecap Asset Management Ltd. increased its position in Toll Brothers by 721.8% during the fourth quarter. Lecap Asset Management Ltd. now owns 16,567 shares of the construction company’s stock worth $2,087,000 after buying an additional 14,551 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on TOL shares. 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. Bank of America decreased their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Wells Fargo & Company dropped their price target on shares of Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Citigroup decreased their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Finally, The Goldman Sachs Group dropped their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating on the stock in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $144.79.

Toll Brothers Price Performance

Shares of TOL stock opened at $93.87 on Monday. The stock has a 50 day moving average of $106.17 and a two-hundred day moving average of $129.96. 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 company has a market capitalization of $9.38 billion, a P/E ratio of 6.46, a P/E/G ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results 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 business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. As a group, equities analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, April 11th. Toll Brothers’s dividend payout ratio is currently 6.88%.

Insiders Place Their Bets

In related news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated 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 transaction, the director now directly 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.54% of the company’s stock.

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.