Y Intercept Hong Kong Ltd Invests $2.42 Million in Toll Brothers, Inc. (NYSE:TOL)

Y Intercept Hong Kong Ltd purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,248 shares of the construction company’s stock, valued at approximately $2,424,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Toll Brothers during the third quarter worth about $27,000. Brooklyn Investment Group bought a new stake in shares of Toll Brothers during the third quarter worth about $27,000. Larson Financial Group LLC boosted its holdings in Toll Brothers by 57.9% in the third 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 last quarter. ORG Partners LLC bought a new stake in Toll Brothers in the fourth quarter valued at approximately $25,000. Finally, DiNuzzo Private Wealth Inc. boosted its holdings in Toll Brothers by 806.5% in the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after acquiring an additional 250 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on TOL. Bank of America reduced their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Citigroup reduced their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. Finally, Wells Fargo & Company reduced their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have given 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $150.86.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,202 shares of company stock valued at $1,947,436 over the last ninety days. 1.54% of the stock is owned by company insiders.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $110.58 on Tuesday. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a twelve month low of $108.86 and a twelve month high of $169.52. The stock’s 50 day moving average is $128.09 and its 200-day moving average is $141.38. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 1.02 and a beta of 1.76.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share 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 firm had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Friday, January 10th. Toll Brothers’s payout ratio is 6.33%.

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.