Alberta Investment Management Corp Acquires 17,931 Shares of Toll Brothers Inc. (NYSE:TOL)

Key Points

• Alberta Investment Management Corp increased its holdings in Toll Brothers Inc. by 41.9%, acquiring an additional 17,931 shares to reach a total of 60,774 shares.
• Toll Brothers reported a quarterly EPS of $3.50, significantly exceeding analysts' expectations of $2.86, despite a 3.5% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.25, yielding 0.8%, with a relatively low dividend payout ratio of 7.42% compared to its earnings.

Alberta Investment Management Corp grew its position in Toll Brothers Inc. (NYSE:TOL - Free Report) by 41.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,774 shares of the construction company's stock after purchasing an additional 17,931 shares during the period. Alberta Investment Management Corp owned about 0.06% of Toll Brothers worth $6,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. National Bank of Canada FI increased its holdings in Toll Brothers by 32.0% during the fourth quarter. National Bank of Canada FI now owns 58,078 shares of the construction company's stock worth $7,315,000 after buying an additional 14,080 shares during the last quarter. Geode Capital Management LLC increased its holdings in Toll Brothers by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,192,909 shares of the construction company's stock worth $276,263,000 after buying an additional 35,001 shares during the last quarter. Headlands Technologies LLC increased its holdings in Toll Brothers by 804.5% during the fourth quarter. Headlands Technologies LLC now owns 4,631 shares of the construction company's stock worth $583,000 after buying an additional 4,119 shares during the last quarter. Trexquant Investment LP purchased a new stake in Toll Brothers during the fourth quarter worth about $3,617,000. Finally, Huntington National Bank increased its holdings in Toll Brothers by 61.9% during the fourth quarter. Huntington National Bank now owns 1,153 shares of the construction company's stock worth $145,000 after buying an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Price Performance

Shares of TOL stock traded up $3.56 during trading hours on Friday, reaching $121.92. The stock had a trading volume of 1,672,220 shares, compared to its average volume of 1,566,245. The stock's fifty day simple moving average is $113.97 and its 200 day simple moving average is $112.12. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. Toll Brothers Inc. has a 12 month low of $86.67 and a 12 month high of $169.52. The firm has a market capitalization of $11.97 billion, a PE ratio of 9.04, a PEG ratio of 1.27 and a beta of 1.33.

Toll Brothers (NYSE:TOL - Get Free Report) last released 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 12.95% and a return on equity of 17.87%. The company had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $3.38 earnings per share. Toll Brothers's revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Dividend Announcement

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 0.8%. The ex-dividend date was Friday, July 11th. Toll Brothers's dividend payout ratio (DPR) is 7.42%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, 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 value of $288,325.00. Following the completion of the transaction, the director owned 12,787 shares of the company's stock, valued at $1,474,724.71. The trade was a 16.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine Garvey sold 770 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $119.82, for a total transaction of $92,261.40. Following the completion of the transaction, the director directly owned 11,590 shares in the company, valued at $1,388,713.80. The trade was a 6.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,770 shares of company stock worth $440,586 over the last three months. 1.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TOL. Royal Bank Of Canada decreased their price objective on shares of Toll Brothers from $139.00 to $133.00 and set an "outperform" rating for the company in a report on Friday, May 16th. Oppenheimer decreased their price objective on shares of Toll Brothers from $165.00 to $155.00 and set an "outperform" rating for the company in a report on Thursday, May 15th. Wedbush reiterated an "outperform" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. UBS Group reiterated a "buy" rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company lifted their target price on shares of Toll Brothers from $135.00 to $140.00 and gave the stock an "overweight" rating in a research note on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus price target of $142.23.

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.