Amundi Sells 54,063 Shares of Toll Brothers, Inc. (NYSE:TOL)

Amundi trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 47.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,892 shares of the construction company’s stock after selling 54,063 shares during the period. Amundi owned 0.06% of Toll Brothers worth $7,608,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. FMR LLC raised its position in shares of 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 acquiring an additional 1,046,758 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in Toll Brothers in the third quarter valued at about $111,562,000. Raymond James Financial Inc. acquired a new position in Toll Brothers in the fourth quarter valued at about $43,615,000. Jennison Associates LLC boosted its holdings in Toll Brothers by 38.7% during the fourth quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after buying an additional 341,980 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Toll Brothers during the 3rd quarter worth about $38,985,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Toll Brothers

In other news, Director Paul E. Shapiro sold 3,837 shares of Toll Brothers stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the sale, the director now directly owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,622 shares of company stock valued at $1,993,880. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Up 1.8 %

Toll Brothers stock opened at $104.92 on Friday. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 1-year low of $102.49 and a 1-year high of $169.52. The company has a fifty day simple moving average of $123.13 and a 200 day simple moving average of $138.78. The company has a market cap of $10.43 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share 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 during the quarter, compared to the consensus estimate of $1.91 billion. Research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. Toll Brothers’s dividend payout ratio is presently 6.88%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Evercore ISI increased their price target on shares of Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Oppenheimer reduced their price target on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Wells Fargo & Company decreased their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Finally, Barclays dropped their price target on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average price target of $147.57.

Toll Brothers 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.