Caisse Des Depots ET Consignations Acquires Shares of 8,362 Toll Brothers, Inc. (NYSE:TOL)

Caisse Des Depots ET Consignations bought a new position in Toll Brothers, Inc. (NYSE:TOL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 8,362 shares of the construction company’s stock, valued at approximately $1,053,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TOL. Fiduciary Alliance LLC purchased a new stake in Toll Brothers during the 4th quarter valued at about $1,117,000. Franklin Resources Inc. grew its holdings in shares of Toll Brothers by 5.4% during the third quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after buying an additional 9,195 shares during the last quarter. World Investment Advisors LLC bought a new stake in shares of Toll Brothers during the third quarter valued at approximately $12,506,000. MML Investors Services LLC raised its holdings in Toll Brothers by 22.4% in the 3rd quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock worth $3,554,000 after acquiring an additional 4,209 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in Toll Brothers by 38.7% in the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after acquiring an additional 341,980 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the business’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $125.78, for a total value of $25,659.12. Following the sale, the director now owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares in the company, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,764 shares of company stock valued at $1,476,523 over the last ninety days. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Down 0.2 %

NYSE TOL opened at $109.01 on Friday. The stock’s 50-day moving average price is $119.51 and its 200-day moving average price is $136.72. The company has a market capitalization of $10.89 billion, a P/E ratio of 7.50, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. 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 52 week low of $102.49 and a 52 week high of $169.52.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. On average, equities research analysts predict that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is presently 6.88%.

Analyst Ratings Changes

TOL has been the subject of several recent analyst reports. Royal Bank of Canada decreased their price target on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Evercore ISI upped their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. StockNews.com lowered shares of Toll Brothers from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Company lowered their price objective on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

About Toll Brothers

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.