Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp lessened its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 49.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,843 shares of the construction company's stock after selling 41,991 shares during the quarter. Alberta Investment Management Corp's holdings in Toll Brothers were worth $5,396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Toll Brothers during the third quarter valued at $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers during the third quarter valued at $27,000. Larson Financial Group LLC grew its position in Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock valued at $28,000 after buying an additional 66 shares during the period. ORG Partners LLC acquired a new stake in Toll Brothers during the fourth quarter valued at $25,000. Finally, DiNuzzo Private Wealth Inc. grew its position in Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several research reports. Keefe, Bruyette & Woods lowered Toll Brothers from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $168.00 to $164.00 in a research note on Tuesday, December 10th. Wells Fargo & Company reduced their price objective on Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday. Bank of America decreased their price objective on Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday. 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, Citigroup decreased their price objective on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $150.86.

Toll Brothers Trading Down 3.3 %

Shares of NYSE:TOL traded down $3.76 during midday trading on Friday, reaching $111.40. 1,141,928 shares of the company's stock were exchanged, compared to its average volume of 1,727,024. The firm's 50 day simple moving average is $129.02 and its two-hundred day simple moving average is $141.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 7.65, a P/E/G ratio of 0.99 and a beta of 1.76. Toll Brothers, Inc. has a fifty-two week low of $107.79 and a fifty-two week high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 earnings per share (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%. As a group, sell-side analysts forecast that Toll Brothers, Inc. will post 14.15 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Friday, January 10th. Toll Brothers's payout ratio is 6.33%.

Insider Buying and Selling

In other Toll Brothers news, Director Christine Garvey sold 204 shares of the business's stock in a transaction that occurred 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 sale, the director now owns 7,728 shares in the company, valued at approximately $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the sale, the chief financial officer now owns 20,618 shares of the company's stock, valued at approximately $2,599,311.26. This represents a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,202 shares of company stock worth $1,947,436 over the last 90 days. 1.54% of the stock is owned by insiders.

Toll Brothers Company Profile

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.