Alberta Investment Management Corp Sells 41,991 Shares of Toll Brothers, Inc. (NYSE:TOL)

Alberta Investment Management Corp reduced its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 49.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,843 shares of the construction company’s stock after selling 41,991 shares during the quarter. Alberta Investment Management Corp’s holdings in Toll Brothers were worth $5,396,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TOL. ORG Partners LLC bought a new stake in Toll Brothers during the 4th quarter valued at $25,000. Capital Performance Advisors LLP bought a new stake in Toll Brothers during the 3rd quarter valued at $27,000. Brooklyn Investment Group bought a new stake in Toll Brothers during the 3rd quarter valued at $27,000. Larson Financial Group LLC raised its holdings in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during 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 valued at $35,000 after purchasing an additional 250 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,837 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the transaction, the director now owns 119,937 shares in the company, valued at approximately $16,088,349.18. This represents a 3.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine Garvey sold 204 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $125.78, for a total transaction of $25,659.12. Following the transaction, the director now owns 7,728 shares in the company, valued at $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,202 shares of company stock worth $1,947,436. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL stock opened at $114.88 on Thursday. Toll Brothers, Inc. has a one year low of $100.47 and a one year high of $169.52. The company’s 50-day moving average is $129.49 and its 200 day moving average is $141.58. The company has a market capitalization of $11.48 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 1.07 and a beta of 1.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.80 and a current ratio of 4.92.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.24). Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. Sell-side analysts expect that Toll Brothers, Inc. will post 14.15 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.80%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

Analyst Ratings Changes

A number of research analysts have issued reports on TOL shares. Royal Bank of Canada downgraded shares of Toll Brothers to an “outperform” rating and set a $142.00 price objective on the stock. in a research report on Friday, January 10th. Oppenheimer reissued an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research report on Thursday, December 12th. Keefe, Bruyette & Woods downgraded shares of Toll Brothers from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $168.00 to $164.00 in a research report on Tuesday, December 10th. Barclays reduced their price objective on shares of Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $155.43.

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.