Caisse DE Depot ET Placement DU Quebec Trims Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Caisse DE Depot ET Placement DU Quebec decreased its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 74.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,598 shares of the construction company's stock after selling 105,306 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Toll Brothers were worth $4,610,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TOL. ORG Partners LLC purchased a new stake in Toll Brothers during the 4th quarter valued at $25,000. Lee Danner & Bass Inc. bought a new position in Toll Brothers during the 4th quarter valued at about $27,000. Promus Capital LLC purchased a new stake in shares of Toll Brothers during the 4th quarter valued at about $29,000. IAG Wealth Partners LLC grew its stake in shares of Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock worth $33,000 after acquiring an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. raised its holdings in shares of Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after purchasing an additional 250 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Trading Up 1.3 %

Shares of NYSE TOL traded up $1.38 during midday trading on Thursday, hitting $103.78. The company's stock had a trading volume of 1,414,471 shares, compared to its average volume of 1,547,493. The business's 50 day moving average is $101.93 and its two-hundred day moving average is $125.55. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. 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 firm has a market cap of $10.37 billion, a P/E ratio of 7.14, a price-to-earnings-growth ratio of 1.02 and a beta of 1.45.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The business had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.91 billion. As a group, equities 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. Shareholders of record on Friday, April 11th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is currently 6.88%.

Insider Transactions at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $110.58, for a total value 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. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.54% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TOL shares. Wells Fargo & Company decreased their target price on shares of Toll Brothers from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Oppenheimer dropped their target price on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group dropped their price target on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. 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 report on Tuesday, April 8th. Finally, Royal Bank of Canada lowered their price target on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have assigned 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $144.79.

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.