Candriam Luxembourg S.C.A. reduced its stake in shares of Toll Brothers Inc (NYSE:TOL) by 72.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,424 shares of the construction company’s stock after selling 20,001 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Toll Brothers were worth $244,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of TOL. Squarepoint Ops LLC increased its holdings in Toll Brothers by 60.9% during the 4th quarter. Squarepoint Ops LLC now owns 503,641 shares of the construction company’s stock valued at $16,585,000 after acquiring an additional 190,623 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Toll Brothers by 317.1% during the 4th quarter. Two Sigma Advisers LP now owns 751,994 shares of the construction company’s stock worth $24,763,000 after purchasing an additional 571,700 shares during the last quarter. Stone Ridge Asset Management LLC boosted its position in shares of Toll Brothers by 7.8% in the fourth quarter. Stone Ridge Asset Management LLC now owns 14,413 shares of the construction company’s stock worth $475,000 after acquiring an additional 1,048 shares during the last quarter. Brandywine Global Investment Management LLC lifted its position in Toll Brothers by 137.2% during the fourth quarter. Brandywine Global Investment Management LLC now owns 79,529 shares of the construction company’s stock valued at $2,619,000 after buying an additional 46,003 shares in the last quarter. Finally, Tikehau Investment Management lifted its position in Toll Brothers by 23.8% during the fourth quarter. Tikehau Investment Management now owns 281,600 shares of the construction company’s stock valued at $9,273,000 after buying an additional 54,100 shares in the last quarter. 82.63% of the stock is owned by hedge funds and other institutional investors.
Shares of TOL stock traded up $0.50 during trading hours on Friday, hitting $39.22. 1,454,303 shares of the company’s stock were exchanged, compared to its average volume of 1,618,002. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.21 and a current ratio of 7.74. The stock has a market capitalization of $5.72 billion, a PE ratio of 8.33, a PEG ratio of 1.01 and a beta of 1.00. Toll Brothers Inc has a 52 week low of $28.68 and a 52 week high of $43.83.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, April 11th. Toll Brothers’s dividend payout ratio is 9.34%.
In other Toll Brothers news, CFO Martin P. Connor sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $38.94, for a total transaction of $155,760.00. Following the transaction, the chief financial officer now owns 72,504 shares in the company, valued at $2,823,305.76. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Martin P. Connor sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $36.83, for a total value of $441,960.00. Following the transaction, the chief financial officer now owns 76,504 shares in the company, valued at approximately $2,817,642.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,000 shares of company stock worth $1,121,280. 9.69% of the stock is owned by company insiders.
A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research note on Wednesday, February 13th. Barclays set a $33.00 target price on Toll Brothers and gave the company a “sell” rating in a report on Thursday, March 28th. Credit Suisse Group reaffirmed a “hold” rating and set a $37.00 target price on shares of Toll Brothers in a research report on Friday, February 15th. JPMorgan Chase & Co. lowered Toll Brothers from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $33.00 to $32.00 in a report on Thursday, March 7th. Finally, Buckingham Research assumed coverage on Toll Brothers in a research note on Friday, January 11th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $40.14.
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Toll Brothers Profile
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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