Caisse DE Depot ET Placement DU Quebec Purchases 130 Shares of Toll Brothers, Inc. (NYSE:TOL)

Caisse DE Depot ET Placement DU Quebec grew its position in Toll Brothers, Inc. (NYSE:TOL) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. 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 owned 0.14% of Toll Brothers worth $21,923,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Greenhaven Associates Inc. boosted its stake in Toll Brothers by 1.0% in the second quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock valued at $641,067,000 after acquiring an additional 52,893 shares in the last quarter. FMR LLC boosted its position in shares of Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Toll Brothers by 34.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after buying an additional 431,160 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Toll Brothers by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after buying an additional 229,603 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at $38,068,482.82. This trade represents a 16.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,000 shares of company stock worth $16,435,800. Corporate insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Oppenheimer boosted their price target on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Bank of America boosted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada raised their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.87.

Toll Brothers Stock Performance

Shares of TOL stock opened at $165.17 on Monday. Toll Brothers, Inc. has a 52-week low of $84.66 and a 52-week high of $169.52. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The stock has a market cap of $16.68 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 1.24 and a beta of 1.68. The business has a 50-day simple moving average of $153.52 and a 200-day simple moving average of $137.60.

Toll Brothers Announces Dividend

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

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.