OMERS ADMINISTRATION Corp Cuts Position in Toll Brothers, Inc. (NYSE:TOL)

OMERS ADMINISTRATION Corp lowered its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 43.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,150 shares of the construction company's stock after selling 9,450 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Toll Brothers were worth $1,530,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Lighthouse Investment Partners LLC bought a new stake in Toll Brothers during the 4th quarter valued at $14,290,000. Lionshead Wealth Management LLC bought a new stake in Toll Brothers during the 4th quarter valued at $252,000. Janus Henderson Group PLC boosted its position in Toll Brothers by 5.8% during the 4th quarter. Janus Henderson Group PLC now owns 320,329 shares of the construction company's stock valued at $40,345,000 after acquiring an additional 17,682 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in Toll Brothers by 59.4% during the 4th quarter. Jefferies Financial Group Inc. now owns 7,790 shares of the construction company's stock valued at $981,000 after acquiring an additional 2,903 shares in the last quarter. Finally, Junto Capital Management LP bought a new stake in Toll Brothers during the 4th quarter valued at $54,929,000. Institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TOL. Royal Bank of Canada dropped their target price on Toll Brothers from $139.00 to $133.00 and set an "outperform" rating on the stock in a research report on Friday. Wedbush reaffirmed an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research report on Thursday. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. The Goldman Sachs Group dropped their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research report on Thursday, February 20th. Finally, UBS Group lowered their price objective on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $143.64.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 420 shares of Toll Brothers stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This trade represents a 3.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

TOL stock traded up $0.63 during midday trading on Friday, reaching $107.01. The stock had a trading volume of 1,465,142 shares, compared to its average volume of 1,552,216. The stock has a market cap of $10.69 billion, a PE ratio of 7.36, a P/E/G ratio of 1.02 and a beta of 1.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The firm has a fifty day simple moving average of $101.56 and a two-hundred day simple moving average of $123.29. Toll Brothers, Inc. has a 52-week low of $86.67 and a 52-week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion during the quarter, compared to analysts' expectations of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 11th were paid a $0.25 dividend. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a yield of 0.93%. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

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.