AIA Group Ltd Sells 13,042 Shares of Toll Brothers, Inc. (NYSE:TOL)

AIA Group Ltd reduced its position in Toll Brothers, Inc. (NYSE:TOL) by 83.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,602 shares of the construction company’s stock after selling 13,042 shares during the quarter. AIA Group Ltd’s holdings in Toll Brothers were worth $328,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in TOL. ORG Partners LLC purchased a new stake in shares of Toll Brothers in the 4th quarter worth approximately $25,000. Lee Danner & Bass Inc. bought a new position in Toll Brothers in the fourth quarter worth approximately $27,000. Promus Capital LLC bought a new position in Toll Brothers in the fourth quarter worth approximately $29,000. IAG Wealth Partners LLC lifted its holdings in Toll Brothers by 1,034.8% during the fourth quarter. IAG Wealth Partners LLC now owns 261 shares of the construction company’s stock worth $33,000 after buying an additional 238 shares during the period. Finally, DiNuzzo Private Wealth Inc. boosted its position in Toll Brothers by 806.5% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 281 shares of the construction company’s stock valued at $35,000 after acquiring an additional 250 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Wedbush restated an “outperform” rating and set a $175.00 price objective on shares of Toll Brothers in a research note on Friday, February 14th. Keefe, Bruyette & Woods lowered their price target on shares of Toll Brothers from $164.00 to $132.00 and set a “market perform” rating on the stock in a report on Tuesday, February 25th. UBS Group reduced their price objective on shares of Toll Brothers from $185.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group decreased their target price on shares of Toll Brothers from $143.00 to $125.00 and set a “neutral” rating for the company in a research report on Thursday, February 20th. Finally, Oppenheimer cut their price target on shares of Toll Brothers from $189.00 to $165.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Toll Brothers has a consensus rating of “Moderate Buy” and a consensus price target of $147.57.

Insider Buying and Selling at Toll Brothers

In other news, Director Christine Garvey sold 420 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $110.58, for a total value of $46,443.60. Following the completion of the transaction, the director now owns 13,186 shares of the company’s stock, valued at $1,458,107.88. The trade was a 3.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Down 0.4 %

Shares of TOL stock opened at $105.19 on Wednesday. Toll Brothers, Inc. has a fifty-two week low of $101.50 and a fifty-two week high of $169.52. The firm has a market capitalization of $10.51 billion, a PE ratio of 7.24, a P/E/G ratio of 1.02 and a beta of 1.77. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.80 and a current ratio of 4.65. The stock’s 50-day simple moving average is $117.70 and its 200-day simple moving average is $135.84.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, February 18th. The construction company reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.24). Toll Brothers had a net margin of 14.03% and a return on equity of 18.32%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.91 billion. Equities analysts expect that Toll Brothers, Inc. will post 13.83 earnings per share for the current year.

Toll Brothers Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 11th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from Toll Brothers’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 0.95%. Toll Brothers’s payout ratio is currently 6.88%.

Toll Brothers Company 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.