Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can boosted its position in Toll Brothers, Inc. (NYSE:TOL) by 184.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,530 shares of the construction company’s stock after acquiring an additional 58,712 shares during the quarter. Bank of Montreal Can owned 0.09% of Toll Brothers worth $11,402,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TOL. Norges Bank acquired a new stake in shares of Toll Brothers in the 4th quarter valued at $149,924,000. FMR LLC increased its holdings in Toll Brothers by 19.4% in the fourth quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock valued at $318,509,000 after buying an additional 410,394 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Toll Brothers in the fourth quarter valued at $43,615,000. Jennison Associates LLC lifted its holdings in Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after buying an additional 341,980 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Toll Brothers by 228.1% during the 4th quarter. Empowered Funds LLC now owns 232,180 shares of the construction company’s stock worth $29,243,000 after acquiring an additional 161,408 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Christine Garvey sold 420 shares of the 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 directly owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TOL. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Barclays reduced their price objective on shares of Toll Brothers from $101.00 to $92.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. Bank of America dropped their target price on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. UBS Group reduced their price target on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Wells Fargo & Company dropped their price objective on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, February 20th. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $146.93.

Toll Brothers Stock Up 0.8 %

Toll Brothers stock opened at $93.44 on Friday. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 6.43, a PEG ratio of 1.02 and a beta of 1.48. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $109.66 and a two-hundred day moving average of $132.21. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s payout ratio is 6.88%.

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.