Amundi Sells 54,063 Shares of Toll Brothers, Inc. (NYSE:TOL)

Amundi lessened its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 47.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,892 shares of the construction company's stock after selling 54,063 shares during the quarter. Amundi owned about 0.06% of Toll Brothers worth $7,608,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of Toll Brothers in the 3rd quarter valued at approximately $27,000. Larson Financial Group LLC increased its stake in Toll Brothers by 57.9% in the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock valued at $28,000 after acquiring an additional 66 shares during the last quarter. ORG Partners LLC acquired a new position in Toll Brothers during the fourth quarter valued at approximately $25,000. Promus Capital LLC bought a new stake in Toll Brothers during the fourth quarter worth $29,000. Finally, DiNuzzo Private Wealth Inc. boosted its holdings in shares of Toll Brothers by 806.5% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock valued at $35,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 11,140 shares of the company's stock in a transaction 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 in the company, valued at $2,599,311.26. This represents a 35.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christine Garvey sold 204 shares of the firm's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now directly owns 7,728 shares in the company, valued at $972,027.84. The trade was a 2.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,785 shares of company stock valued at $1,479,185 over the last ninety days. 1.54% of the stock is currently owned by insiders.

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Toll Brothers Trading Up 1.9 %

TOL stock traded up $1.98 during midday trading on Wednesday, hitting $106.98. The stock had a trading volume of 1,441,429 shares, compared to its average volume of 1,808,506. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average price of $122.36 and a two-hundred day moving average price of $138.22. Toll Brothers, Inc. has a 1-year low of $102.49 and a 1-year high of $169.52. The firm has a market cap of $10.69 billion, a P/E ratio of 7.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77.

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 analysts' consensus estimates of $1.99 by ($0.24). The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.91 billion. Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. On average, sell-side 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. Shareholders of record on Friday, April 11th will be issued a dividend of $0.25 per share. 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 yield of 0.93%. The ex-dividend date is Friday, April 11th. Toll Brothers's payout ratio is currently 6.88%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TOL. StockNews.com downgraded Toll Brothers from a "hold" rating to a "sell" rating in a research report on Wednesday. Bank of America dropped their target price on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, February 20th. UBS Group decreased their price target on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Citigroup dropped their price objective on shares of Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Finally, Wedbush reaffirmed an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Toll Brothers currently has a consensus rating of "Moderate Buy" and an average price target of $147.57.

Toll Brothers 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.