Natixis Advisors LLC Lowers Stake in Toll Brothers, Inc. (NYSE:TOL)

Natixis Advisors LLC reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 6.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,250 shares of the construction company’s stock after selling 3,271 shares during the quarter. Natixis Advisors LLC owned approximately 0.05% of Toll Brothers worth $6,329,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. ORG Partners LLC purchased a new stake in shares of Toll Brothers during the fourth quarter valued at $25,000. Brooklyn Investment Group purchased a new stake in shares of Toll Brothers during the third quarter valued at $27,000. Larson Financial Group LLC boosted its stake in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the period. Promus Capital LLC purchased a new stake in shares of Toll Brothers during the fourth quarter valued at $29,000. Finally, IAG Wealth Partners LLC raised its holdings in shares of Toll Brothers by 1,034.8% in the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock valued at $33,000 after acquiring an additional 238 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America decreased their price objective on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Seaport Res Ptn upgraded Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. UBS Group decreased their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, StockNews.com downgraded Toll Brothers from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.57.

Insider Activity

In related news, CFO Martin P. Connor sold 11,140 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $126.07, for a total value of $1,404,419.80. Following 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,785 shares of company stock worth $1,479,185 over the last 90 days. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Performance

TOL opened at $105.94 on Friday. Toll Brothers, Inc. has a 52-week low of $102.49 and a 52-week high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The company has a market cap of $10.58 billion, a P/E ratio of 7.29, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. The firm’s 50-day moving average price is $121.21 and its 200-day moving average price is $137.53.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data 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 net margin of 14.03% and a return on equity of 18.32%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.91 billion. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is 6.88%.

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.