Canada Pension Plan Investment Board Lowers Holdings in Toll Brothers, Inc. (NYSE:TOL)

Canada Pension Plan Investment Board trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 14.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 51,000 shares of the construction company's stock after selling 8,600 shares during the period. Canada Pension Plan Investment Board owned approximately 0.05% of Toll Brothers worth $6,423,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Morse Asset Management Inc bought a new stake in Toll Brothers in the third quarter valued at $62,000. Barclays PLC increased its position in Toll Brothers by 3.9% in the 3rd quarter. Barclays PLC now owns 233,681 shares of the construction company's stock valued at $36,103,000 after buying an additional 8,794 shares in the last quarter. Invst LLC acquired a new position in Toll Brothers during the 3rd quarter worth approximately $262,000. Virtu Financial LLC boosted its holdings in Toll Brothers by 175.5% in the third quarter. Virtu Financial LLC now owns 8,477 shares of the construction company's stock worth $1,310,000 after acquiring an additional 5,400 shares in the last quarter. Finally, World Investment Advisors LLC acquired a new stake in Toll Brothers in the third quarter valued at approximately $12,506,000. Institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on TOL shares. Bank of America cut their target price on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Wedbush reiterated an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. StockNews.com downgraded shares of Toll Brothers from a "hold" rating to a "sell" rating in a research report on Friday. Barclays dropped their price target on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a report on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $144.79.

Toll Brothers Stock Performance

TOL traded down $1.06 during trading on Friday, hitting $100.00. 972,871 shares of the company traded hands, compared to its average volume of 1,545,424. The firm has a market cap of $9.99 billion, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a one year low of $86.67 and a one year high of $169.52. The stock's fifty day moving average is $103.64 and its 200 day moving average is $128.12.

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

Toll Brothers Increases Dividend

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

Insider Activity at Toll Brothers

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

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.