Alberta Investment Management Corp Sells 41,991 Shares of Toll Brothers, Inc. (NYSE:TOL)

Alberta Investment Management Corp lessened its holdings in Toll Brothers, Inc. (NYSE:TOL) by 49.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 42,843 shares of the construction company’s stock after selling 41,991 shares during the period. Alberta Investment Management Corp’s holdings in Toll Brothers were worth $5,396,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock worth $565,802,000 after acquiring an additional 42,871 shares in the last quarter. Geode Capital Management LLC increased its holdings in Toll Brothers by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company’s stock worth $333,444,000 after acquiring an additional 84,652 shares in the last quarter. FMR LLC grew its holdings in Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after buying an additional 1,046,758 shares in the last quarter. Jennison Associates LLC grew its holdings in Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock valued at $154,449,000 after buying an additional 341,980 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in Toll Brothers during the 3rd quarter valued at approximately $111,562,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Martin P. Connor sold 11,140 shares of the business’s stock in a transaction on Monday, December 30th. The shares were 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 directly owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. The trade was a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the sale, the director now directly owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,202 shares of company stock valued at $1,947,436. 1.54% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. UBS Group cut their price objective on shares of Toll Brothers from $192.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Bank of America cut their price objective on shares of Toll Brothers from $165.00 to $156.00 and set a “buy” rating for the company in a report on Monday, January 27th. Finally, Oppenheimer restated an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus price target of $155.43.

Toll Brothers Trading Down 5.9 %

TOL stock opened at $114.88 on Thursday. The company has a quick ratio of 0.80, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a twelve month low of $100.47 and a twelve month high of $169.52. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 1.07 and a beta of 1.76. The firm’s fifty day simple moving average is $129.49 and its two-hundred day simple moving average is $141.58.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share 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 net margin of 14.48% and a return on equity of 19.64%. As a group, analysts anticipate that Toll Brothers, Inc. will post 14.15 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

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.