Mackenzie Financial Corp Sells 36,202 Shares of Toll Brothers, Inc. (NYSE:TOL)

Mackenzie Financial Corp cut its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 18.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,254 shares of the construction company's stock after selling 36,202 shares during the period. Mackenzie Financial Corp owned approximately 0.16% of Toll Brothers worth $16,781,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of TOL. Vontobel Holding Ltd. acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $366,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Toll Brothers by 17.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,800 shares of the construction company's stock worth $1,007,000 after buying an additional 1,440 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in Toll Brothers during the fourth quarter worth $3,104,000. Byrne Asset Management LLC increased its holdings in Toll Brothers by 11.4% in the 4th quarter. Byrne Asset Management LLC now owns 17,110 shares of the construction company's stock valued at $1,780,000 after buying an additional 1,755 shares during the period. Finally, ORG Partners LLC raised its stake in shares of Toll Brothers by 100.6% in the 4th quarter. ORG Partners LLC now owns 3,918 shares of the construction company's stock valued at $403,000 after buying an additional 1,965 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of Toll Brothers stock in a transaction on Monday, April 15th. The shares were sold at an average price of $119.32, for a total transaction of $178,980.00. Following the completion of the sale, the director now owns 9,389 shares of the company's stock, valued at approximately $1,120,295.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Toll Brothers news, Director Stephen F. East sold 1,500 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $119.32, for a total value of $178,980.00. Following the transaction, the director now owns 9,389 shares of the company's stock, valued at $1,120,295.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $118.85, for a total value of $5,942,500.00. Following the transaction, the chief executive officer now owns 346,382 shares of the company's stock, valued at $41,167,500.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 66,500 shares of company stock worth $7,881,930. Company insiders own 1.54% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of Toll Brothers from a "hold" rating to a "buy" rating in a research report on Tuesday. Seaport Res Ptn lowered Toll Brothers from a "buy" rating to a "neutral" rating in a research note on Monday, January 22nd. Wells Fargo & Company raised their target price on Toll Brothers from $120.00 to $130.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. Barclays upped their price target on Toll Brothers from $95.00 to $115.00 and gave the company an "underweight" rating in a research report on Monday, February 26th. Finally, Wedbush reissued a "neutral" rating and set a $87.00 price objective on shares of Toll Brothers in a report on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $113.80.

Toll Brothers Price Performance

Shares of TOL traded down $0.94 during mid-day trading on Friday, hitting $112.22. 1,188,179 shares of the company traded hands, compared to its average volume of 1,396,209. The company has a current ratio of 4.95, a quick ratio of 0.65 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.94 and a beta of 1.66. The business has a 50-day moving average of $117.23 and a 200 day moving average of $98.64. Toll Brothers, Inc. has a one year low of $61.17 and a one year high of $130.63.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The construction company reported $2.25 EPS for the quarter, beating analysts' consensus estimates of $1.77 by $0.48. Toll Brothers had a return on equity of 21.04% and a net margin of 13.97%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period last year, the company earned $1.70 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts expect that Toll Brothers, Inc. will post 13.71 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.23 per share. This is a boost from Toll Brothers's previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a yield of 0.82%. The ex-dividend date is Thursday, April 4th. Toll Brothers's payout ratio is currently 7.11%.

Toll Brothers 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.