AGF Management Ltd. Has $7.84 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

AGF Management Ltd. lowered its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 33.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,263 shares of the construction company's stock after selling 31,056 shares during the period. AGF Management Ltd. owned 0.06% of Toll Brothers worth $7,842,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Marathon Trading Investment Management LLC bought a new position in shares of Toll Brothers in the 4th quarter valued at $630,000. Vista Investment Partners II LLC bought a new position in Toll Brothers in the fourth quarter valued at about $1,213,000. Independent Advisor Alliance boosted its stake in shares of Toll Brothers by 10.1% during the fourth quarter. Independent Advisor Alliance now owns 2,450 shares of the construction company's stock valued at $309,000 after purchasing an additional 225 shares in the last quarter. Moran Wealth Management LLC grew its holdings in shares of Toll Brothers by 5.4% during the fourth quarter. Moran Wealth Management LLC now owns 34,674 shares of the construction company's stock worth $4,367,000 after purchasing an additional 1,787 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Toll Brothers by 24.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,130 shares of the construction company's stock valued at $3,795,000 after buying an additional 5,832 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Trading Down 0.2 %

NYSE TOL opened at $106.60 on Thursday. The stock has a market capitalization of $10.60 billion, a P/E ratio of 7.34, a P/E/G ratio of 1.02 and a beta of 1.77. The business has a 50 day simple moving average of $123.99 and a 200 day simple moving average of $139.34. 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 one year low of $105.32 and a one year high of $169.52.

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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 for the quarter, compared to analyst estimates of $1.91 billion. Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. Research analysts expect 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. Shareholders 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 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers's payout ratio is 6.33%.

Insider Activity

In other 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 transaction of $1,404,419.80. Following the transaction, the chief financial officer now directly owns 20,618 shares of the company's stock, valued at $2,599,311.26. This represents a 35.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christine Garvey sold 204 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of $125.78, for a total value of $25,659.12. Following the completion of the transaction, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. This represents a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,622 shares of company stock worth $1,993,880. Company insiders own 1.54% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on TOL shares. Royal Bank of Canada cut their target price on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Wells Fargo & Company dropped their price target on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Seaport Res Ptn raised shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Wedbush restated an "outperform" rating and issued a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Finally, StockNews.com raised Toll Brothers from a "sell" rating to a "hold" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $147.57.

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.

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