National Bank of Canada FI Acquires 14,080 Shares of Toll Brothers, Inc. (NYSE:TOL)

National Bank of Canada FI boosted its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 32.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,078 shares of the construction company's stock after buying an additional 14,080 shares during the quarter. National Bank of Canada FI owned approximately 0.06% of Toll Brothers worth $7,315,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC bought a new position in shares of Toll Brothers in the 4th quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new stake in shares of Toll Brothers during the fourth quarter valued at about $27,000. Promus Capital LLC acquired a new position in shares of Toll Brothers in the fourth quarter valued at approximately $29,000. IAG Wealth Partners LLC raised its holdings in Toll Brothers by 1,034.8% in the 4th quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company's stock valued at $33,000 after buying an additional 238 shares during the last quarter. Finally, DiNuzzo Private Wealth Inc. boosted its position in Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company's stock worth $35,000 after buying an additional 250 shares during the period. Institutional investors and hedge funds own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the sale, the director now owns 13,186 shares in the company, valued at $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.54% of the stock is currently owned by insiders.

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Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Toll Brothers from $170.00 to $150.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Citigroup lowered their target price on Toll Brothers from $155.00 to $137.00 and set a "neutral" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Seaport Res Ptn upgraded Toll Brothers from a "strong sell" rating to a "hold" rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced 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. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.93.

Toll Brothers Stock Up 0.8 %

Shares of Toll Brothers stock traded up $0.70 during trading on Friday, reaching $93.44. 1,869,655 shares of the company traded hands, compared to its average volume of 1,531,117. The firm has a market capitalization of $9.33 billion, a PE ratio of 6.43, a P/E/G ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 1-year low of $86.67 and a 1-year high of $169.52. The company has a 50 day moving average price of $109.66 and a 200-day moving average price of $132.21. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

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 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 for the quarter, compared to analyst estimates of $1.91 billion. As a group, equities research analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, April 11th. This is a positive change from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is 6.88%.

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.