Caisse Des Depots ET Consignations Takes Position in Toll Brothers, Inc. (NYSE:TOL)

Caisse Des Depots ET Consignations purchased a new stake in Toll Brothers, Inc. (NYSE:TOL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,362 shares of the construction company’s stock, valued at approximately $1,053,000.

Other hedge funds have also added to or reduced their stakes in the company. FMR LLC lifted its stake in Toll Brothers by 97.7% in the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock valued at $327,281,000 after purchasing an additional 1,046,758 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Toll Brothers during the 4th quarter valued at $43,615,000. Jennison Associates LLC grew its stake in shares of Toll Brothers by 38.7% during the 4th quarter. Jennison Associates LLC now owns 1,226,271 shares of the construction company’s stock worth $154,449,000 after acquiring an additional 341,980 shares during the period. Empowered Funds LLC increased its holdings in Toll Brothers by 228.1% in the 4th quarter. Empowered Funds LLC now owns 232,180 shares of the construction company’s stock worth $29,243,000 after acquiring an additional 161,408 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in Toll Brothers in the 3rd quarter valued at about $23,629,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the firm’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 transaction, the chief financial officer now owns 20,618 shares of the company’s stock, valued at approximately $2,599,311.26. This trade represents a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $25,659.12. Following the sale, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This trade represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,764 shares of company stock worth $1,476,523 over the last three months. Company insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TOL shares. Wedbush reiterated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Barclays reduced their price target on Toll Brothers from $115.00 to $101.00 and set an “underweight” rating for the company in a research report on Tuesday, February 25th. UBS Group dropped their price objective on Toll Brothers from $185.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Finally, Royal Bank of Canada decreased their price target on Toll Brothers from $142.00 to $139.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Price Performance

Shares of TOL stock opened at $109.01 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. Toll Brothers, Inc. has a fifty-two week low of $102.49 and a fifty-two week high of $169.52. The firm has a market cap of $10.89 billion, a P/E ratio of 7.50, a P/E/G ratio of 1.02 and a beta of 1.77. The business’s 50 day moving average price is $119.51 and its 200-day moving average price is $136.72.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results 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. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

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