17,329 Shares in Toll Brothers, Inc. (NYSE:TOL) Purchased by Nomura Holdings Inc.

Nomura Holdings Inc. bought a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 17,329 shares of the construction company’s stock, valued at approximately $2,183,000.

Other hedge funds have also recently bought and sold shares of the company. Lee Danner & Bass Inc. acquired a new position in Toll Brothers during the 4th quarter worth about $27,000. Promus Capital LLC purchased a new stake in Toll Brothers during the 4th quarter worth about $29,000. IAG Wealth Partners LLC increased its holdings in Toll Brothers by 1,034.8% during 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 period. DiNuzzo Private Wealth Inc. increased its holdings in Toll Brothers by 806.5% during the 4th 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. Finally, Smartleaf Asset Management LLC increased its holdings in Toll Brothers by 34.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock worth $37,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Trading Up 0.6%

NYSE:TOL opened at $107.01 on Friday. The stock’s 50 day moving average price is $101.56 and its 200 day moving average price is $123.46. The company has a market capitalization of $10.69 billion, a PE ratio of 7.36, a P/E/G ratio of 1.02 and a beta of 1.45. 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 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data 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 company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. On average, research analysts anticipate 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 was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.88%.

Analysts Set New Price Targets

TOL has been the topic of several recent research reports. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Wedbush restated an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a report on Thursday. Barclays cut their price target on Toll Brothers from $101.00 to $92.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada cut their price target on Toll Brothers from $139.00 to $133.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Oppenheimer dropped their price objective on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating on the stock in a report on Thursday. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $143.64.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 420 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.54% of the stock is owned by insiders.

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.