Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Axa S.A.

AXA S.A. cut its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 20.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 77,227 shares of the construction company's stock after selling 20,084 shares during the period. AXA S.A. owned approximately 0.08% of Toll Brothers worth $9,727,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ORG Partners LLC purchased a new position in shares of Toll Brothers during the 4th quarter worth about $25,000. Lee Danner & Bass Inc. purchased a new position in shares of Toll Brothers during the 4th quarter worth about $27,000. Promus Capital LLC purchased a new position in shares of Toll Brothers during the 4th quarter worth about $29,000. IAG Wealth Partners LLC boosted its stake in shares of Toll Brothers by 1,034.8% during the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after purchasing an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. boosted its stake in shares of Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after purchasing an additional 250 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Stock Down 0.4%

Shares of NYSE:TOL traded down $0.39 during trading hours on Friday, hitting $103.49. The company's stock had a trading volume of 871,726 shares, compared to its average volume of 1,548,596. Toll Brothers, Inc. has a 52 week low of $86.67 and a 52 week high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 7.12, a P/E/G ratio of 1.02 and a beta of 1.45. The firm's fifty day moving average price is $101.74 and its 200 day moving average price is $124.56.

Toll Brothers (NYSE:TOL - Get Free Report) last posted 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). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. As a group, research analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 6.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays dropped their price target on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price target on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research note on Tuesday, February 25th. Oppenheimer lowered their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, StockNews.com raised shares of Toll Brothers from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $144.79.

Insider Activity

In related news, Director Christine Garvey sold 420 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were 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 owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.54% of the company's stock.

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.