Machina Capital S.A.S. Makes New $531,000 Investment in Toll Brothers, Inc. (NYSE:TOL)

Machina Capital S.A.S. bought a new position in shares of Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,163 shares of the construction company’s stock, valued at approximately $531,000.

Several other hedge funds also recently made changes to their positions in the business. Voss Capital LLC bought a new stake in shares of Toll Brothers in the fourth quarter valued at approximately $8,223,000. Jennison Associates LLC lifted its position in shares of Toll Brothers by 41.2% during the 4th quarter. Jennison Associates LLC now owns 834,899 shares of the construction company’s stock valued at $85,819,000 after acquiring an additional 243,553 shares during the period. Teachers Retirement System of The State of Kentucky lifted its position in shares of Toll Brothers by 87.8% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 36,337 shares of the construction company’s stock valued at $2,687,000 after acquiring an additional 16,993 shares during the period. Wedge Capital Management L L P NC raised its stake in Toll Brothers by 11.9% in the fourth quarter. Wedge Capital Management L L P NC now owns 510,961 shares of the construction company’s stock valued at $52,522,000 after purchasing an additional 54,384 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its position in Toll Brothers by 21.6% during the third quarter. Natixis Advisors L.P. now owns 13,429 shares of the construction company’s stock worth $993,000 after purchasing an additional 2,386 shares during the period. 91.76% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the completion of the sale, the director now directly owns 9,389 shares of the company’s stock, valued at $1,120,295.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $116.05, for a total value of $580,250.00. Following the completion of the sale, the chief financial officer now directly owns 49,721 shares of the company’s stock, valued at approximately $5,770,122.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now directly owns 9,389 shares in the company, valued at approximately $1,120,295.48. The disclosure for this sale can be found here. Insiders sold 66,500 shares of company stock worth $7,881,930 over the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 3.3 %

Shares of TOL stock traded up $4.14 on Monday, hitting $127.77. The stock had a trading volume of 1,354,584 shares, compared to its average volume of 1,352,221. The company has a market cap of $13.31 billion, a PE ratio of 9.87, a P/E/G ratio of 1.03 and a beta of 1.67. The business has a 50 day moving average price of $120.67 and a 200 day moving average price of $103.05. The company has a quick ratio of 0.65, a current ratio of 4.95 and a debt-to-equity ratio of 0.39. Toll Brothers, Inc. has a one year low of $63.00 and a one year high of $130.63.

Toll Brothers (NYSE:TOL) last issued its earnings results on Wednesday, February 21st. The construction company reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.48. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.88 billion. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $1.70 EPS. Research analysts anticipate that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 5th were paid a $0.23 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.72%. Toll Brothers’s payout ratio is currently 7.11%.

Analyst Upgrades and Downgrades

Several brokerages have commented on TOL. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $120.00 to $130.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Oppenheimer raised their target price on Toll Brothers from $141.00 to $157.00 and gave the stock an “outperform” rating in a research note on Thursday, March 21st. Seaport Res Ptn cut Toll Brothers from a “buy” rating to a “neutral” rating in a report on Monday, January 22nd. Wolfe Research upgraded Toll Brothers from a “peer perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a research note on Monday, January 8th. Finally, Citigroup lifted their target price on Toll Brothers from $116.00 to $138.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three 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 presently has a consensus rating of “Moderate Buy” and an average price target of $113.80.

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.