Toll Brothers Inc. $TOL Shares Sold by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Toll Brothers Inc. by 38.7% in the first quarter, holding 22,450 shares worth $2.37 million at the quarter's end.
• While Caisse DE Depot ET Placement decreased its position, other investors like Sound Income Strategies LLC and Mitsubishi UFJ Asset Management significantly increased their holdings in Toll Brothers, with increases of 84.2% and 218.4% respectively.
• Analysts have varying recommendations for Toll Brothers, featuring a consensus rating of "Moderate Buy" and a target price of $147.85, following the issuance of strong quarterly earnings that beat expectations.

Caisse DE Depot ET Placement DU Quebec trimmed its stake in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 38.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,450 shares of the construction company's stock after selling 14,148 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Toll Brothers were worth $2,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its position in Toll Brothers by 84.2% during the 1st quarter. Sound Income Strategies LLC now owns 245 shares of the construction company's stock worth $26,000 after purchasing an additional 112 shares during the period. Brooklyn Investment Group increased its position in Toll Brothers by 52.8% during the 1st quarter. Brooklyn Investment Group now owns 272 shares of the construction company's stock worth $29,000 after purchasing an additional 94 shares during the period. Larson Financial Group LLC increased its position in Toll Brothers by 152.6% during the 1st quarter. Larson Financial Group LLC now owns 293 shares of the construction company's stock worth $31,000 after purchasing an additional 177 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Toll Brothers by 218.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 363 shares of the construction company's stock worth $38,000 after purchasing an additional 249 shares during the period. Finally, Quarry LP increased its position in Toll Brothers by 1,035.7% during the 4th quarter. Quarry LP now owns 318 shares of the construction company's stock worth $40,000 after purchasing an additional 290 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Price Performance

Shares of TOL stock traded down $1.09 during trading hours on Tuesday, hitting $137.92. The company's stock had a trading volume of 676,545 shares, compared to its average volume of 1,770,017. The business has a fifty day moving average of $124.40 and a 200-day moving average of $111.77. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The stock has a market cap of $13.29 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 0.91 and a beta of 1.33. Toll Brothers Inc. has a twelve month low of $86.67 and a twelve month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating analysts' consensus estimates of $3.59 by $0.14. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a net margin of 12.64% and a return on equity of 17.42%. The company's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.60 earnings per share. As a group, equities research analysts anticipate that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, July 11th. Toll Brothers's payout ratio is currently 7.35%.

Insider Activity

In other news, Director Christine Garvey sold 770 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $119.82, for a total value of $92,261.40. Following the completion of the transaction, the director owned 11,590 shares of the company's stock, valued at $1,388,713.80. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Stephen F. East sold 2,500 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $115.33, for a total transaction of $288,325.00. Following the completion of the transaction, the director directly owned 12,787 shares of the company's stock, valued at approximately $1,474,724.71. This represents a 16.35% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 13,601 shares of company stock worth $1,726,874. Corporate insiders own 1.54% of the company's stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of several recent analyst reports. Wedbush reiterated an "outperform" rating and set a $165.00 target price on shares of Toll Brothers in a research report on Tuesday, August 26th. Seaport Res Ptn upgraded shares of Toll Brothers from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 23rd. Citigroup upped their price target on Toll Brothers from $134.00 to $138.00 and gave the stock a "neutral" rating in a report on Monday, August 25th. Royal Bank Of Canada raised their price objective on Toll Brothers from $133.00 to $145.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $169.00 price objective (up from $167.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $147.85.

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.