AIA Group Ltd Has $328,000 Position in Toll Brothers, Inc. (NYSE:TOL)

AIA Group Ltd trimmed its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 83.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,602 shares of the construction company's stock after selling 13,042 shares during the quarter. AIA Group Ltd's holdings in Toll Brothers were worth $328,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its stake in shares of Toll Brothers by 0.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 35,430 shares of the construction company's stock worth $4,462,000 after purchasing an additional 247 shares in the last quarter. Brandywine Global Investment Management LLC grew its position in Toll Brothers by 283.3% in the 4th quarter. Brandywine Global Investment Management LLC now owns 126,441 shares of the construction company's stock valued at $15,925,000 after buying an additional 93,451 shares in the last quarter. Level Four Advisory Services LLC acquired a new position in Toll Brothers during the 4th quarter valued at about $214,000. denkapparat Operations GmbH bought a new stake in shares of Toll Brothers during the 4th quarter worth about $290,000. Finally, Pictet Asset Management Holding SA raised its position in shares of Toll Brothers by 21.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 784,412 shares of the construction company's stock worth $98,797,000 after buying an additional 140,133 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

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Toll Brothers Stock Up 2.4 %

Shares of TOL traded up $2.34 during trading hours on Friday, reaching $100.73. The company's stock had a trading volume of 3,035,108 shares, compared to its average volume of 1,479,442. The company has a 50 day moving average of $116.35 and a two-hundred day moving average of $135.38. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 6.93, a P/E/G ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 1-year low of $92.73 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released 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 analyst estimates of $1.91 billion. As a group, research analysts predict that Toll Brothers, Inc. will post 13.83 EPS for the current fiscal year.

Toll Brothers Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be given a $0.25 dividend. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, April 11th. Toll Brothers's dividend payout ratio is presently 6.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TOL shares. Keefe, Bruyette & Woods dropped their target price on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a report on Tuesday, February 25th. StockNews.com downgraded Toll Brothers from a "hold" rating to a "sell" rating in a research note on Friday, March 28th. UBS Group decreased their target price on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Wedbush reissued an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Friday, February 14th. Finally, Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $147.57.

Insiders Place Their Bets

In other news, Director Christine Garvey sold 420 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total transaction of $46,443.60. Following the transaction, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.54% of the company's stock.

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.