Wellington Management Group LLP Boosts Position in Toll Brothers, Inc. (NYSE:TOL)

Wellington Management Group LLP boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 198.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 180,005 shares of the construction company’s stock after purchasing an additional 119,652 shares during the period. Wellington Management Group LLP’s holdings in Toll Brothers were worth $18,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TOL. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Toll Brothers in the 4th quarter valued at about $36,000. Baker Avenue Asset Management LP raised its position in Toll Brothers by 23.1% during the third quarter. Baker Avenue Asset Management LP now owns 677 shares of the construction company’s stock valued at $50,000 after acquiring an additional 127 shares in the last quarter. Voisard Asset Management Group Inc. acquired a new position in Toll Brothers in the fourth quarter valued at approximately $67,000. GAMMA Investing LLC purchased a new stake in Toll Brothers in the 4th quarter worth approximately $76,000. Finally, Northwest Financial Advisors acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $84,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Toll Brothers news, CFO Martin P. Connor sold 16,194 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $118.74, for a total transaction of $1,922,875.56. Following the completion of the transaction, the chief financial officer now owns 28,527 shares of the company’s stock, valued at $3,387,295.98. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the sale, the director now owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,670 shares of company stock valued at $2,586,315. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $115.70 on Wednesday. The business’s 50 day moving average price is $121.07 and its 200 day moving average price is $113.48. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 7.90, a PEG ratio of 0.95 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 4.59. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $135.37.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, May 21st. The construction company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $4.13 by ($0.75). Toll Brothers had a net margin of 15.07% and a return on equity of 20.91%. The firm had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the firm posted $2.85 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. On average, research analysts predict that Toll Brothers, Inc. will post 12.94 EPS for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, July 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Raymond James reissued a “strong-buy” rating and set a $145.00 price target (up from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $135.00 to $142.00 and gave the company an “outperform” rating in a report on Tuesday, June 4th. The Goldman Sachs Group raised Toll Brothers from a “sell” rating to a “neutral” rating and upped their target price for the stock from $112.00 to $124.00 in a research note on Monday, June 17th. Citigroup lifted their price target on shares of Toll Brothers from $138.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday, May 17th. Finally, Oppenheimer upped their price objective on shares of Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus target price of $129.07.

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.