CANADA LIFE ASSURANCE Co Trims Holdings in Toll Brothers, Inc. (NYSE:TOL)

by · The Cerbat Gem

CANADA LIFE ASSURANCE Co trimmed its holdings in shares of Toll Brothers, Inc. (NYSE:TOL – Free Report) by 0.7% in the 4th quarter, Holdings Channel reports. The firm owned 102,315 shares of the construction company’s stock after selling 711 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Toll Brothers were worth $12,878,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Morse Asset Management Inc purchased a new stake in Toll Brothers in the 3rd quarter valued at about $62,000. Barclays PLC raised its stake in shares of Toll Brothers by 3.9% during the third quarter. Barclays PLC now owns 233,681 shares of the construction company’s stock valued at $36,103,000 after acquiring an additional 8,794 shares in the last quarter. Invst LLC purchased a new stake in shares of Toll Brothers in the third quarter valued at approximately $262,000. Virtu Financial LLC increased its holdings in Toll Brothers by 175.5% during the 3rd quarter. Virtu Financial LLC now owns 8,477 shares of the construction company’s stock worth $1,310,000 after purchasing an additional 5,400 shares during the period. Finally, World Investment Advisors LLC bought a new stake in Toll Brothers during the 3rd quarter valued at $12,506,000. 91.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Toll Brothers from $150.00 to $120.00 and set an “overweight” rating on the stock in a research report on Monday, April 14th. Seaport Res Ptn raised shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. UBS Group lowered their price target on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Oppenheimer cut their price objective on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Bank of America lowered their target price on Toll Brothers from $156.00 to $140.00 and set a “buy” rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $144.79.

Get Our Latest Stock Analysis on Toll Brothers

Insider Activity at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the transaction, the director now directly owns 13,186 shares of the company’s stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.54% of the stock is owned by insiders.

Toll Brothers Trading Up 2.2 %

Shares of NYSE:TOL opened at $93.87 on Monday. The business’s 50-day moving average is $106.17 and its 200 day moving average is $129.96. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. Toll Brothers, Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The firm has a market capitalization of $9.38 billion, a P/E ratio of 6.46, a P/E/G ratio of 1.02 and a beta of 1.48.

Toll Brothers (NYSE:TOL – Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, research analysts predict 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 dividend of $0.25 per share. 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. Toll Brothers’s payout ratio is 6.88%.

Toll Brothers Profile

(Free Report)

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.

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