Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Bank of Montreal Can

Bank of Montreal Can lifted its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 184.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 90,530 shares of the construction company's stock after purchasing an additional 58,712 shares during the period. Bank of Montreal Can owned about 0.09% of Toll Brothers worth $11,402,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in Toll Brothers by 34.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 293 shares of the construction company's stock valued at $37,000 after purchasing an additional 75 shares in the last quarter. Nilsine Partners LLC raised its stake in shares of Toll Brothers by 0.5% during the 4th quarter. Nilsine Partners LLC now owns 19,319 shares of the construction company's stock worth $2,433,000 after acquiring an additional 88 shares in the last quarter. Versant Capital Management Inc boosted its stake in Toll Brothers by 15.1% in the fourth quarter. Versant Capital Management Inc now owns 700 shares of the construction company's stock valued at $88,000 after acquiring an additional 92 shares in the last quarter. Peapack Gladstone Financial Corp grew its holdings in Toll Brothers by 5.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 1,800 shares of the construction company's stock worth $227,000 after purchasing an additional 100 shares during the last quarter. Finally, Principal Securities Inc. lifted its holdings in shares of Toll Brothers by 25.2% during the 4th quarter. Principal Securities Inc. now owns 541 shares of the construction company's stock valued at $68,000 after purchasing an additional 109 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Trading Up 2.2 %

Shares of Toll Brothers stock traded up $2.06 during mid-day trading on Friday, hitting $93.87. The stock had a trading volume of 1,437,255 shares, compared to its average volume of 1,531,070. The firm has a market cap of $9.38 billion, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. Toll Brothers, Inc. has a 12-month low of $86.67 and a 12-month high of $169.52. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $106.79 and a two-hundred day moving average of $130.70.

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 analysts' consensus estimates 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. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, April 11th. This is an increase from Toll Brothers's previous quarterly dividend of $0.23. Toll Brothers's payout ratio is currently 6.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TOL shares. Keefe, Bruyette & Woods decreased their price target on Toll Brothers from $164.00 to $132.00 and set a "market perform" rating for the company in a research note on Tuesday, February 25th. Royal Bank of Canada cut their price target on shares of Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Wedbush reaffirmed an "outperform" rating and set a $175.00 price target on shares of Toll Brothers in a research report on Friday, February 14th. UBS Group reduced their price objective 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. Finally, Barclays cut their price target on shares of Toll Brothers from $101.00 to $92.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. One 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 company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $144.79.

Insider Activity at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $1,458,107.88. This represents a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.54% of the stock is currently owned by company insiders.

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.