Mackenzie Financial Corp Sells 105,183 Shares of Toll Brothers, Inc. (NYSE:TOL)

Mackenzie Financial Corp trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 78.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,136 shares of the construction company's stock after selling 105,183 shares during the period. Mackenzie Financial Corp's holdings in Toll Brothers were worth $3,544,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new position in shares of Toll Brothers during the fourth quarter valued at $27,000. Promus Capital LLC acquired a new position in shares of Toll Brothers during the fourth quarter valued at $29,000. IAG Wealth Partners LLC increased its holdings in shares of Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after purchasing an additional 238 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after purchasing an additional 75 shares during the period. Finally, Quarry LP boosted its stake in Toll Brothers by 1,035.7% during the fourth quarter. Quarry LP now owns 318 shares of the construction company's stock valued at $40,000 after buying an additional 290 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Down 0.6%

TOL traded down $0.68 on Friday, reaching $104.37. 1,346,063 shares of the company traded hands, compared to its average volume of 1,564,523. The stock's 50 day moving average price is $101.18 and its 200-day moving average price is $120.24. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52. The company has a market cap of $10.43 billion, a price-to-earnings ratio of 7.18, a PEG ratio of 1.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm posted $3.38 earnings per share. The firm's revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts expect that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.96%. Toll Brothers's dividend payout ratio (DPR) is 7.42%.

Wall Street Analysts Forecast Growth

TOL has been the subject of several research reports. Royal Bank of Canada decreased their target price on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $130.00 target price (up previously from $120.00) on shares of Toll Brothers in a research note on Thursday, May 22nd. Wall Street Zen upgraded Toll Brothers from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. Oppenheimer decreased their price target on Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a research report on Thursday, May 15th. Finally, Wedbush reissued an "outperform" rating on shares of Toll Brothers in a research report on Tuesday, May 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and a consensus price target of $141.36.

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.