Natixis Advisors LLC Lowers Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Natixis Advisors LLC reduced its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,250 shares of the construction company's stock after selling 3,271 shares during the period. Natixis Advisors LLC owned about 0.05% of Toll Brothers worth $6,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Atria Investments Inc raised its position in shares of Toll Brothers by 22.2% in the third quarter. Atria Investments Inc now owns 2,569 shares of the construction company's stock worth $397,000 after acquiring an additional 466 shares during the period. CIBC Asset Management Inc raised its holdings in Toll Brothers by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company's stock worth $472,000 after purchasing an additional 109 shares during the period. Thrivent Financial for Lutherans boosted its position in Toll Brothers by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 27,644 shares of the construction company's stock worth $4,271,000 after purchasing an additional 491 shares in the last quarter. Caprock Group LLC acquired a new stake in Toll Brothers in the third quarter valued at approximately $328,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Toll Brothers by 6.0% in the third quarter. PNC Financial Services Group Inc. now owns 22,437 shares of the construction company's stock valued at $3,466,000 after buying an additional 1,267 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TOL. The Goldman Sachs Group dropped their price target on shares of Toll Brothers from $143.00 to $125.00 and set a "neutral" rating on the stock in a research note on Thursday, February 20th. 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 research report on Thursday, February 20th. Barclays decreased their price target on shares of Toll Brothers from $115.00 to $101.00 and set an "underweight" rating on the stock in a research note on Tuesday, February 25th. Oppenheimer cut their price objective on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, UBS Group reduced their target price on Toll Brothers from $185.00 to $183.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $147.57.

Toll Brothers Trading Down 1.4 %

Shares of TOL stock traded down $1.60 on Wednesday, hitting $109.32. 1,202,179 shares of the stock traded hands, compared to its average volume of 1,432,611. 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, Inc. has a twelve month low of $102.49 and a twelve month high of $169.52. The firm's 50-day moving average price is $120.51 and its two-hundred day moving average price is $137.10. The stock has a market capitalization of $10.92 billion, a PE ratio of 7.52, a PEG ratio of 1.02 and a beta of 1.77.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its 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 firm 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, analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The firm also recently announced 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 is a boost from Toll Brothers's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.00 annualized dividend and a yield of 0.91%. Toll Brothers's dividend payout ratio (DPR) is 6.88%.

Insider Buying and Selling at Toll Brothers

In related news, Director Christine Garvey sold 420 shares of the firm'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 completion of the sale, the director now directly owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. This trade represents a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin P. Connor sold 11,140 shares of the company's stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $126.07, for a total transaction of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares in the company, valued at $2,599,311.26. The trade was a 35.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,764 shares of company stock worth $1,476,523 over the last quarter. 1.54% of the stock is currently owned by company 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.