Commonwealth Bank of Australia lowered its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 24.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 914 shares of the construction company’s stock after selling 300 shares during the period. Commonwealth Bank of Australia’s holdings in Toll Brothers were worth $30,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TOL. Meeder Asset Management Inc. lifted its stake in shares of Toll Brothers by 694.0% in the 4th quarter. Meeder Asset Management Inc. now owns 794 shares of the construction company’s stock worth $26,000 after acquiring an additional 694 shares during the period. IMS Capital Management acquired a new stake in shares of Toll Brothers in the 3rd quarter worth $36,000. Acadian Asset Management LLC acquired a new stake in shares of Toll Brothers in the 4th quarter worth $64,000. Financial Architects Inc lifted its stake in shares of Toll Brothers by 181.8% in the 4th quarter. Financial Architects Inc now owns 2,015 shares of the construction company’s stock worth $66,000 after acquiring an additional 1,300 shares during the period. Finally, Spirit of America Management Corp NY lifted its stake in shares of Toll Brothers by 107.1% in the 4th quarter. Spirit of America Management Corp NY now owns 2,900 shares of the construction company’s stock worth $96,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 81.75% of the company’s stock.

Shares of NYSE TOL opened at $34.88 on Thursday. The company has a quick ratio of 1.21, a current ratio of 7.74 and a debt-to-equity ratio of 0.74. Toll Brothers Inc has a 52 week low of $28.68 and a 52 week high of $45.38. The stock has a market capitalization of $5.11 billion, a P/E ratio of 7.41, a P/E/G ratio of 0.92 and a beta of 1.00.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, February 26th. The construction company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.15. Toll Brothers had a net margin of 9.93% and a return on equity of 15.83%. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the business earned $0.83 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts anticipate that Toll Brothers Inc will post 4.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, April 11th. Toll Brothers’s dividend payout ratio (DPR) is 9.34%.

In related news, Director Carl B. Marbach sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $34.96, for a total value of $104,880.00. Following the completion of the sale, the director now owns 86,249 shares in the company, valued at $3,015,265.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $36.83, for a total transaction of $441,960.00. Following the completion of the sale, the chief financial officer now owns 76,504 shares of the company’s stock, valued at approximately $2,817,642.32. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock valued at $698,600 in the last quarter. Company insiders own 9.69% of the company’s stock.

Several research firms have recently commented on TOL. Mizuho cut shares of Toll Brothers from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $46.00 to $39.00 in a research note on Wednesday, January 23rd. Zacks Investment Research cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Credit Suisse Group restated a “hold” rating and issued a $37.00 target price on shares of Toll Brothers in a research note on Friday, February 15th. Raymond James set a $40.00 target price on shares of Toll Brothers and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Wedbush restated a “neutral” rating and issued a $36.00 target price (down previously from $44.00) on shares of Toll Brothers in a research note on Tuesday, December 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $40.07.

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About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, sells, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells homes in urban infill markets through Toll Brothers City Living.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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