Canada Pension Plan Investment Board Sells 8,600 Shares of Toll Brothers, Inc. (NYSE:TOL)

Canada Pension Plan Investment Board lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 51,000 shares of the construction company's stock after selling 8,600 shares during the quarter. Canada Pension Plan Investment Board owned about 0.05% of Toll Brothers worth $6,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TOL. ORG Partners LLC bought a new stake in shares of Toll Brothers during the fourth quarter worth approximately $25,000. Lee Danner & Bass Inc. acquired a new stake in Toll Brothers during the 4th quarter worth approximately $27,000. Promus Capital LLC bought a new stake in Toll Brothers in the 4th quarter valued at $29,000. IAG Wealth Partners LLC grew 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 in the last quarter. Finally, DiNuzzo Private Wealth Inc. increased 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 own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TOL shares. Seaport Res Ptn upgraded shares of Toll Brothers from a "strong sell" rating to a "hold" rating in a research note on Monday, January 27th. UBS Group decreased their target price on shares of Toll Brothers from $185.00 to $183.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. 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. Royal Bank of Canada reduced their price target on Toll Brothers from $142.00 to $139.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group dropped their price objective on Toll Brothers from $143.00 to $125.00 and set a "neutral" 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 issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $144.79.

Insider Activity

In other 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 value of $46,443.60. Following the transaction, the director now directly owns 13,186 shares of the company's stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.54% of the company's stock.

Toll Brothers Trading Down 1.0 %

Shares of TOL stock traded down $1.06 during trading hours on Friday, hitting $100.00. 972,871 shares of the company's stock traded hands, compared to its average volume of 1,542,184. The stock has a market cap of $9.99 billion, a PE ratio of 6.88, a price-to-earnings-growth ratio of 1.02 and a beta of 1.48. The stock's 50 day simple moving average is $103.64 and its 200 day simple moving average is $128.42. The company has a quick ratio of 0.80, a current ratio of 4.65 and a debt-to-equity ratio of 0.35. Toll Brothers, Inc. has a 12 month low of $86.67 and a 12 month high of $169.52.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS 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 during the quarter, compared to the consensus estimate of $1.91 billion. On average, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

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