Mackenzie Financial Corp Lowers Stock Holdings in Toll Brothers Inc. (NYSE:TOL)

Mackenzie Financial Corp cut its holdings in shares of Toll Brothers Inc. (NYSE:TOL - Free Report) by 75.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,010 shares of the construction company's stock after selling 21,126 shares during the period. Mackenzie Financial Corp's holdings in Toll Brothers were worth $740,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Insigneo Advisory Services LLC increased its stake in shares of Toll Brothers by 4.7% during the fourth quarter. Insigneo Advisory Services LLC now owns 1,990 shares of the construction company's stock valued at $251,000 after purchasing an additional 89 shares in the last quarter. Peapack Gladstone Financial Corp raised its stake in Toll Brothers by 5.9% during the 4th quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock valued at $227,000 after buying an additional 100 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Toll Brothers by 1.7% during the 4th quarter. NewEdge Advisors LLC now owns 6,051 shares of the construction company's stock valued at $762,000 after buying an additional 100 shares during the period. KLP Kapitalforvaltning AS boosted its stake in shares of Toll Brothers by 0.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 24,800 shares of the construction company's stock worth $2,619,000 after buying an additional 100 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in shares of Toll Brothers by 46.6% in the fourth quarter. Bessemer Group Inc. now owns 327 shares of the construction company's stock worth $41,000 after acquiring an additional 104 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Price Performance

TOL stock traded down $0.01 during trading on Friday, reaching $125.83. The company's stock had a trading volume of 897,063 shares, compared to its average volume of 1,777,641. The company has a quick ratio of 0.44, a current ratio of 4.21 and a debt-to-equity ratio of 0.35. The company's fifty day moving average is $116.05 and its 200-day moving average is $111.81. The company has a market capitalization of $12.35 billion, a P/E ratio of 9.33, a price-to-earnings-growth ratio of 1.31 and a beta of 1.33. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.38 earnings per share. On average, research analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were issued a $0.25 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.8%. Toll Brothers's payout ratio is 7.42%.

Insider Transactions at Toll Brothers

In other news, CAO Michael J. Grubb sold 500 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the transaction, the chief accounting officer owned 2,439 shares of the company's stock, valued at approximately $292,680. This represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 770 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $119.82, for a total value of $92,261.40. Following the sale, the director directly owned 11,590 shares of the company's stock, valued at $1,388,713.80. This represents a 6.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,770 shares of company stock worth $440,586. 1.54% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wedbush reissued an "outperform" rating on shares of Toll Brothers in a report on Tuesday, May 20th. Evercore ISI reaffirmed an "outperform" rating and set a $169.00 price target (up previously from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. Royal Bank Of Canada dropped their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Toll Brothers from $132.00 to $120.00 and set a "market perform" rating for the company in a report on Tuesday, May 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $142.23.

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.