TD Waterhouse Canada Inc. Has $1.93 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

TD Waterhouse Canada Inc. lifted its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 36.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,306 shares of the construction company's stock after buying an additional 4,113 shares during the period. TD Waterhouse Canada Inc.'s holdings in Toll Brothers were worth $1,927,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in shares of Toll Brothers during the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers during the fourth quarter worth $27,000. Promus Capital LLC bought a new stake in Toll Brothers in the 4th quarter valued at $29,000. IAG Wealth Partners LLC raised its stake in shares of 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 in the last quarter. Finally, DiNuzzo Private Wealth Inc. lifted its holdings in shares of 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 acquiring an additional 250 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TOL. Barclays dropped their price target on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group dropped their target price on Toll Brothers from $143.00 to $125.00 and set a "neutral" rating for the company in a report on Thursday, February 20th. Oppenheimer decreased their price target on Toll Brothers from $189.00 to $165.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Wells Fargo & Company dropped their price objective on Toll Brothers from $150.00 to $120.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Toll Brothers from $164.00 to $132.00 and set a "market perform" rating on the stock in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Toll Brothers presently has an average rating of "Moderate Buy" and a consensus price target of $144.79.

Insider Activity

In related news, Director Christine Garvey sold 420 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $110.58, for a total value of $46,443.60. Following the sale, the director now directly owns 13,186 shares of the company's stock, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.54% of the company's stock.

Toll Brothers Trading Down 1.0 %

Shares of TOL stock traded down $1.06 on Friday, hitting $100.00. The stock had a trading volume of 972,871 shares, compared to its average volume of 1,545,424. The company has a current ratio of 4.65, a quick ratio of 0.80 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a twelve month low of $86.67 and a twelve month high of $169.52. The company has a fifty day moving average price of $103.64 and a two-hundred day moving average price of $128.27. The firm has a market cap of $9.99 billion, a P/E ratio of 6.88, a PEG ratio of 1.02 and a beta of 1.48.

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 (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, analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Increases Dividend

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

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.