Caisse DE Depot ET Placement DU Quebec trimmed its position in shares of Toll Brothers Inc (NYSE:TOL) by 15.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,000 shares of the construction company’s stock after selling 10,400 shares during the quarter. Caisse DE Depot ET Placement DU Quebec’s holdings in Toll Brothers were worth $2,689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in TOL. JPMorgan Chase & Co. lifted its holdings in Toll Brothers by 134.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,198,069 shares of the construction company’s stock worth $294,978,000 after purchasing an additional 4,132,120 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Toll Brothers by 56.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,128,341 shares of the construction company’s stock worth $129,732,000 after purchasing an additional 1,124,409 shares during the last quarter. Capital Growth Management LP lifted its holdings in shares of Toll Brothers by 410.5% during the fourth quarter. Capital Growth Management LP now owns 970,000 shares of the construction company’s stock worth $46,579,000 after buying an additional 780,000 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new position in shares of Toll Brothers during the fourth quarter worth approximately $24,333,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Toll Brothers by 350,599.2% during the fourth quarter. Acadian Asset Management LLC now owns 448,895 shares of the construction company’s stock worth $21,556,000 after buying an additional 448,767 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.
Shares of Toll Brothers Inc (TOL) opened at $45.11 on Wednesday. Toll Brothers Inc has a fifty-two week low of $34.99 and a fifty-two week high of $52.73. The stock has a market capitalization of $6,930.00, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.76 and a beta of 1.38. The company has a quick ratio of 0.89, a current ratio of 7.31 and a debt-to-equity ratio of 0.79.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Investors of record on Friday, April 13th will be issued a dividend of $0.11 per share. This is an increase from Toll Brothers’s previous quarterly dividend of $0.08. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.98%. Toll Brothers’s dividend payout ratio (DPR) is presently 9.41%.
A number of brokerages have recently commented on TOL. ValuEngine upgraded Toll Brothers from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded Toll Brothers from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Tuesday, February 6th. Wedbush boosted their price objective on Toll Brothers from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, December 29th. Mizuho set a $52.00 price target on Toll Brothers and gave the company a “buy” rating in a research report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $55.00 price target on shares of Toll Brothers in a research report on Wednesday, January 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $50.75.
In related news, Director Paul E. Shapiro sold 25,000 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $51.54, for a total transaction of $1,288,500.00. Following the completion of the transaction, the director now directly owns 131,493 shares in the company, valued at $6,777,149.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine Garvey sold 16,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $50.82, for a total value of $813,120.00. Following the transaction, the director now owns 17,057 shares of the company’s stock, valued at $866,836.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 95,950 shares of company stock valued at $4,910,012. 9.01% of the stock is owned by corporate insiders.
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Toll Brothers Profile
Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.
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