AGF Management Ltd. Sells 31,056 Shares of Toll Brothers, Inc. (NYSE:TOL)

AGF Management Ltd. cut its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 33.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 62,263 shares of the construction company’s stock after selling 31,056 shares during the period. AGF Management Ltd.’s holdings in Toll Brothers were worth $7,842,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Fiduciary Alliance LLC purchased a new stake in shares of Toll Brothers in the fourth quarter valued at about $1,117,000. Franklin Resources Inc. increased its stake in Toll Brothers by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 180,023 shares of the construction company’s stock valued at $27,659,000 after buying an additional 9,195 shares during the last quarter. World Investment Advisors LLC bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $12,506,000. Avior Wealth Management LLC boosted its stake in shares of Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after buying an additional 3,328 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in shares of Toll Brothers by 22.4% in the third quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock valued at $3,554,000 after acquiring an additional 4,209 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on TOL shares. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday, December 13th. Keefe, Bruyette & Woods decreased their target price on Toll Brothers from $164.00 to $132.00 and set a “market perform” rating for the company in a research report on Tuesday, February 25th. Bank of America cut their price target on shares of Toll Brothers from $156.00 to $140.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a report on Monday, January 27th. Finally, Oppenheimer dropped their target price on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and an average target price of $147.57.

Toll Brothers Trading Down 0.2 %

Shares of TOL stock opened at $106.60 on Thursday. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 7.34, a PEG ratio of 1.02 and a beta of 1.77. The company’s fifty day simple moving average is $123.99 and its two-hundred day simple moving average is $139.34. Toll Brothers, Inc. has a 1 year low of $105.32 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.65 and a quick ratio of 0.80.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data 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). Toll Brothers had a return on equity of 18.32% and a net margin of 14.03%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.91 billion. As a group, analysts anticipate 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. Stockholders of record on Friday, April 11th will be given a $0.25 dividend. This is a positive change from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is 6.33%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 11,140 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $126.07, for a total value of $1,404,419.80. Following the completion of the transaction, the chief financial officer now directly owns 20,618 shares of the company’s stock, valued at $2,599,311.26. This trade represents a 35.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the director now directly owns 13,186 shares in the company, valued at approximately $1,458,107.88. The trade was a 3.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,622 shares of company stock valued at $1,993,880. Corporate insiders own 1.54% of the company’s stock.

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.