Ameriprise Financial Inc. Decreases Stake in Toll Brothers, Inc. (NYSE:TOL)

Ameriprise Financial Inc. reduced its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 52.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 161,058 shares of the construction company's stock after selling 175,831 shares during the quarter. Ameriprise Financial Inc. owned about 0.16% of Toll Brothers worth $20,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TOL. Barclays PLC boosted its position in shares of Toll Brothers by 3.9% during the 3rd quarter. Barclays PLC now owns 233,681 shares of the construction company's stock valued at $36,103,000 after acquiring an additional 8,794 shares during the last quarter. Sovereign Financial Group Inc. boosted its position in shares of Toll Brothers by 16.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 2,296 shares of the construction company's stock valued at $289,000 after acquiring an additional 325 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Toll Brothers by 7.3% during the 4th quarter. Park Avenue Securities LLC now owns 2,147 shares of the construction company's stock valued at $270,000 after acquiring an additional 146 shares during the last quarter. Beech Hill Advisors Inc. purchased a new stake in Toll Brothers during the 4th quarter valued at $1,944,000. Finally, Hennessy Advisors Inc. raised its holdings in Toll Brothers by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 78,900 shares of the construction company's stock valued at $9,937,000 after buying an additional 5,000 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction 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 in the company, valued at approximately $1,458,107.88. This represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.54% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. UBS Group decreased their price target on Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Bank of America reduced their target price on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Barclays cut their price target on Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price target on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group dropped their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $143.64.

Toll Brothers Price Performance

Shares of TOL traded up $0.63 during trading hours on Friday, hitting $107.01. 1,465,142 shares of the stock were exchanged, compared to its average volume of 1,552,216. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a market cap of $10.69 billion, a price-to-earnings ratio of 7.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45. The stock's 50-day moving average price is $101.56 and its two-hundred day moving average price is $123.29.

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

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 11th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is 6.88%.

Toll Brothers 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.