Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 141,904 shares of the construction company’s stock after buying an additional 130 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Toll Brothers were worth $21,923,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the third quarter worth approximately $27,000. Brooklyn Investment Group acquired a new stake in Toll Brothers during the 3rd quarter worth $27,000. Larson Financial Group LLC grew its holdings in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toll Brothers in the second quarter valued at about $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Wedbush raised Toll Brothers from a “neutral” rating to an “outperform” rating and increased their price target for the company from $148.00 to $175.00 in a report on Friday, October 25th. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Royal Bank of Canada upped their target price on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Price Performance

Shares of TOL opened at $165.17 on Monday. The firm has a 50-day simple moving average of $153.52 and a two-hundred day simple moving average of $137.60. The stock has a market cap of $16.68 billion, a PE ratio of 11.38, a P/E/G ratio of 1.24 and a beta of 1.68. Toll Brothers, Inc. has a 1-year low of $84.66 and a 1-year high of $169.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.56%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Insider Buying and Selling at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the transaction, the chief financial officer now owns 9,721 shares in the company, valued at approximately $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the sale, the chief executive officer now owns 296,382 shares in the company, valued at approximately $45,361,265.10. This trade represents a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,000 shares of company stock valued at $16,435,800 over the last quarter. 1.54% of the stock is 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.