Bank of Montreal Can Increases Position in Toll Brothers, Inc. (NYSE:TOL)

Bank of Montreal Can increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 184.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,530 shares of the construction company’s stock after buying an additional 58,712 shares during the period. Bank of Montreal Can’s holdings in Toll Brothers were worth $11,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TOL. Norges Bank purchased a new stake in shares of Toll Brothers during the 4th quarter worth approximately $149,924,000. FMR LLC increased its stake in Toll Brothers by 19.4% in the 4th quarter. FMR LLC now owns 2,528,853 shares of the construction company’s stock valued at $318,509,000 after purchasing an additional 410,394 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Toll Brothers during the fourth quarter worth $43,615,000. Jennison Associates LLC boosted its position 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 purchasing an additional 341,980 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in Toll Brothers by 228.1% in the fourth quarter. Empowered Funds LLC now owns 232,180 shares of the construction company’s stock valued at $29,243,000 after purchasing an additional 161,408 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Trading Up 0.8 %

Shares of TOL stock opened at $93.44 on Friday. The firm’s 50-day simple moving average is $109.66 and its 200-day simple moving average is $132.21. 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 cap of $9.33 billion, a P/E ratio of 6.43, a PEG ratio of 1.02 and a beta of 1.48.

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

Toll Brothers Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. 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 payout ratio is 6.88%.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.54% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Seaport Res Ptn raised Toll Brothers from a “strong sell” rating to a “hold” rating in a research note on Monday, January 27th. Wedbush reaffirmed an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Royal Bank of Canada dropped their price objective on shares of Toll Brothers from $142.00 to $139.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Wells Fargo & Company reduced their target price on Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Finally, Citigroup dropped their price target on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $146.93.

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.