Bank of Montreal Can Sells 44,054 Shares of Toll Brothers, Inc. (NYSE:TOL)

Bank of Montreal Can decreased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 56.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,276 shares of the construction company’s stock after selling 44,054 shares during the period. Bank of Montreal Can’s holdings in Toll Brothers were worth $4,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Toll Brothers by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 11,268,164 shares of the construction company’s stock worth $1,158,255,000 after buying an additional 216,849 shares during the period. Greenhaven Associates Inc. boosted its holdings in Toll Brothers by 1.0% in the 2nd quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock worth $641,067,000 after buying an additional 52,893 shares during the period. Pacer Advisors Inc. boosted its holdings in 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 buying an additional 541,140 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Toll Brothers by 1.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,090,802 shares of the construction company’s stock worth $112,124,000 after buying an additional 12,493 shares during the period. Finally, Marsico Capital Management LLC boosted its holdings in Toll Brothers by 24.5% in the 2nd quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock worth $86,983,000 after buying an additional 148,562 shares during the period. Institutional investors own 91.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on TOL shares. Wells Fargo & Company upped their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Oppenheimer increased their price objective on shares of Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. The Goldman Sachs Group raised shares of Toll Brothers from a “sell” rating to a “neutral” rating and increased their price objective for the company from $112.00 to $124.00 in a report on Monday, June 17th. Finally, Barclays increased their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.67.

Toll Brothers Stock Performance

Toll Brothers stock opened at $154.80 on Wednesday. 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, Inc. has a 1-year low of $68.08 and a 1-year high of $156.08. The firm has a market capitalization of $15.89 billion, a P/E ratio of 10.57, a price-to-earnings-growth ratio of 1.25 and a beta of 1.67. The company’s 50-day moving average is $140.36 and its 200 day moving average is $128.01.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the company posted $3.73 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts forecast that Toll Brothers, Inc. will post 13.51 EPS for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the transaction, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 191,257 shares of company stock valued at $28,646,402. 1.54% of the stock is currently 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.