Caisse Des Depots ET Consignations Makes New $1.05 Million Investment in Toll Brothers, Inc. (NYSE:TOL)

Caisse Des Depots ET Consignations purchased a new position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,362 shares of the construction company's stock, valued at approximately $1,053,000.

Other large investors also recently modified their holdings of the company. Fiduciary Alliance LLC bought a new position in Toll Brothers in the 4th quarter valued at approximately $1,117,000. Franklin Resources Inc. increased its position in Toll Brothers by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company's stock valued at $27,659,000 after purchasing an additional 9,195 shares during the period. World Investment Advisors LLC bought a new position in Toll Brothers during the 3rd quarter worth approximately $12,506,000. MML Investors Services LLC lifted its position in shares of Toll Brothers by 22.4% in the 3rd quarter. MML Investors Services LLC now owns 23,005 shares of the construction company's stock worth $3,554,000 after purchasing an additional 4,209 shares during the period. Finally, Jennison Associates LLC increased its position in shares of 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 buying an additional 341,980 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Activity at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the business's stock in a transaction dated 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 directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The transaction 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.

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Toll Brothers Stock Up 0.6 %

TOL traded up $0.62 during trading on Tuesday, hitting $106.21. 273,819 shares of the company's stock were exchanged, compared to its average volume of 1,463,633. Toll Brothers, Inc. has a fifty-two week low of $101.50 and a fifty-two week high of $169.52. The stock has a market cap of $10.61 billion, a P/E ratio of 7.30, a PEG ratio of 1.02 and a beta of 1.77. The business's 50 day moving average is $118.31 and its two-hundred day moving average is $136.16. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its quarterly earnings results 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). 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%. As a group, equities analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. This is a boost from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date is Friday, April 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.94%. Toll Brothers's payout ratio is presently 6.88%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Bank of America dropped their target price on shares of Toll Brothers from $156.00 to $140.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research report on Friday, February 14th. 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. Seaport Res Ptn raised Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. Finally, The Goldman Sachs Group cut their price target on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a report on Thursday, February 20th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.