Amundi Has $7.61 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Amundi lowered its stake in Toll Brothers, Inc. (NYSE:TOL) by 47.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 59,892 shares of the construction company’s stock after selling 54,063 shares during the period. Amundi’s holdings in Toll Brothers were worth $7,608,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. ORG Partners LLC bought a new stake in shares of Toll Brothers in the fourth quarter valued at about $25,000. Brooklyn Investment Group acquired a new stake in Toll Brothers in the 3rd quarter worth about $27,000. Larson Financial Group LLC boosted its holdings in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after purchasing an additional 66 shares during the period. Promus Capital LLC acquired a new position in shares of Toll Brothers during the 4th quarter worth approximately $29,000. Finally, DiNuzzo Private Wealth Inc. increased its holdings in shares of Toll Brothers by 806.5% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock worth $35,000 after purchasing an additional 250 shares during the period. 91.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TOL. Citigroup lowered their price objective on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday, December 13th. Keefe, Bruyette & Woods reduced their price objective 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. Seaport Res Ptn upgraded shares of Toll Brothers from a “strong sell” rating to a “hold” rating in a research report on Monday, January 27th. Finally, Wells Fargo & Company reduced their price target on shares of Toll Brothers from $170.00 to $150.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.57.

Toll Brothers Trading Up 1.8 %

Shares of NYSE TOL opened at $104.92 on Friday. The firm has a 50 day moving average price of $123.13 and a two-hundred day moving average price of $138.78. The stock has a market cap of $10.43 billion, a P/E ratio of 7.22, a price-to-earnings-growth ratio of 1.02 and a beta of 1.77. Toll Brothers, Inc. has a 52-week low of $102.49 and a 52-week high of $169.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 18th. The construction company reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.91 billion. As a group, equities analysts forecast that Toll Brothers, Inc. will post 13.83 EPS for the current year.

Toll Brothers Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 annualized dividend and a yield of 0.95%. Toll Brothers’s dividend payout ratio is presently 6.88%.

Insider Buying and Selling at Toll Brothers

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 transaction, the director now owns 13,186 shares in the company, valued at $1,458,107.88. The trade was a 3.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul E. Shapiro sold 3,837 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now owns 119,937 shares of the company’s stock, valued at approximately $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,622 shares of company stock valued at $1,993,880. 1.54% of the stock is currently owned by company insiders.

About Toll Brothers

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.