Jennison Associates LLC Has $154.45 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Jennison Associates LLC increased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 38.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,226,271 shares of the construction company’s stock after buying an additional 341,980 shares during the quarter. Jennison Associates LLC’s holdings in Toll Brothers were worth $154,449,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Brooklyn Investment Group acquired a new position in Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC lifted its holdings in shares of Toll Brothers by 57.9% during 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 period. ORG Partners LLC bought a new stake in shares of Toll Brothers in the 4th quarter worth about $25,000. Finally, UMB Bank n.a. increased its position in shares of Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Down 3.4 %

Shares of NYSE TOL opened at $135.88 on Monday. Toll Brothers, Inc. has a fifty-two week low of $97.45 and a fifty-two week high of $169.52. The firm has a market capitalization of $13.57 billion, a P/E ratio of 9.04, a P/E/G ratio of 1.17 and a beta of 1.76. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.80. The company’s 50 day simple moving average is $137.97 and its 200 day simple moving average is $142.47.

Toll Brothers (NYSE:TOL) last released its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the company posted $4.11 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. On average, analysts predict that Toll Brothers, Inc. will post 14.15 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $0.92 annualized dividend and a dividend yield of 0.68%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.12%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TOL. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. UBS Group dropped their price target on Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada boosted their price objective on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Wedbush restated an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a research note on Wednesday, December 11th. Finally, Barclays reduced their price target on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Insider Activity

In other Toll Brothers news, Director Christine Garvey sold 204 shares of Toll Brothers stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now owns 7,728 shares of the company’s stock, valued at $972,027.84. This trade represents a 2.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares in the company, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,202 shares of company stock worth $1,947,436 in the last 90 days. Corporate insiders own 1.54% of the company’s stock.

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.