Zimmer Partners LP Grows Stake in Toll Brothers, Inc. (NYSE:TOL)

Zimmer Partners LP raised its stake in Toll Brothers, Inc. (NYSE:TOL) by 185.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the construction company’s stock after acquiring an additional 65,000 shares during the period. Zimmer Partners LP owned approximately 0.10% of Toll Brothers worth $12,595,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Lee Danner & Bass Inc. bought a new position in shares of Toll Brothers during the fourth quarter valued at $27,000. Promus Capital LLC bought a new position in shares of Toll Brothers during the fourth quarter valued at $29,000. IAG Wealth Partners LLC lifted its holdings in shares of Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock valued at $33,000 after purchasing an additional 238 shares in the last quarter. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after purchasing an additional 250 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company’s stock valued at $37,000 after purchasing an additional 75 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a report on Thursday, May 15th. Wells Fargo & Company lowered their target price on Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Keefe, Bruyette & Woods lowered their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, StockNews.com raised Toll Brothers from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.64.

Toll Brothers Stock Down 1.3%

NYSE TOL opened at $105.83 on Tuesday. The stock’s 50-day moving average price is $101.54 and its 200-day moving average price is $122.84. 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. The company has a market capitalization of $10.57 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.91 billion. On average, equities research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio (DPR) is currently 6.88%.

Insider Buying and Selling

In other Toll Brothers 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 transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares in the company, 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 SEC, which is available through this link. 1.54% of the stock is currently owned by company 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.