Mitsubishi UFJ Trust & Banking Corp Sells 4,023 Shares of Toll Brothers, Inc. (NYSE:TOL)

Mitsubishi UFJ Trust & Banking Corp cut its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 10.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,728 shares of the construction company's stock after selling 4,023 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Toll Brothers were worth $4,248,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TOL. State Street Corp boosted its holdings in Toll Brothers by 1.2% during the third quarter. State Street Corp now owns 3,662,387 shares of the construction company's stock worth $565,802,000 after buying an additional 42,871 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Toll Brothers by 4.1% during the third quarter. Geode Capital Management LLC now owns 2,157,908 shares of the construction company's stock worth $333,444,000 after purchasing an additional 84,652 shares during the period. Jennison Associates LLC grew 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 acquiring an additional 341,980 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Toll Brothers during the fourth quarter valued at $43,615,000. Finally, Burney Co. raised its holdings in Toll Brothers by 6.0% during the fourth quarter. Burney Co. now owns 339,856 shares of the construction company's stock worth $42,805,000 after purchasing an additional 19,373 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

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Toll Brothers Price Performance

Toll Brothers stock traded up $4.33 during trading on Friday, reaching $102.72. The company had a trading volume of 1,585,286 shares, compared to its average volume of 1,474,124. The firm has a market capitalization of $10.26 billion, a PE ratio of 7.11, a price-to-earnings-growth 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. The firm's 50-day simple moving average is $116.35 and its 200 day simple moving average is $135.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

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 (EPS) 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 analyst estimates 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 research analysts anticipate 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. Stockholders of record on Friday, April 11th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

Analyst Ratings Changes

Several brokerages recently issued reports on TOL. Citigroup reduced their price objective on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods dropped their price target on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research report on Tuesday, February 25th. Wedbush restated an "outperform" rating and set a $175.00 price objective on shares of Toll Brothers in a report on Friday, February 14th. Evercore ISI boosted their price target on Toll Brothers from $181.00 to $184.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Finally, Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $147.57.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director Christine Garvey sold 420 shares of the business's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total transaction of $46,443.60. Following the sale, the director now owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.