Great West Life Assurance Co. Can lowered its position in shares of Toll Brothers Inc (NYSE:TOL) by 23.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 164,264 shares of the construction company’s stock after selling 50,468 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Toll Brothers were worth $5,115,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Meeder Asset Management Inc. boosted its holdings in 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 purchased a new position in Toll Brothers in the 3rd quarter worth approximately $36,000. Oregon Public Employees Retirement Fund boosted its holdings in Toll Brothers by 1,967.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,765,805 shares of the construction company’s stock worth $54,000 after acquiring an additional 1,680,413 shares during the period. Acadian Asset Management LLC purchased a new position in Toll Brothers in the 4th quarter worth approximately $64,000. Finally, Financial Architects Inc boosted its holdings in 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. Institutional investors and hedge funds own 82.53% of the company’s stock.

In other Toll Brothers news, CFO Martin P. Connor sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $37.94, for a total value of $151,760.00. Following the transaction, the chief financial officer now directly owns 72,504 shares of the company’s stock, valued at approximately $2,750,801.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Carl B. Marbach sold 3,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 86,249 shares in the company, valued at $3,015,265.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,000 shares of company stock worth $698,600. 9.69% of the stock is currently owned by corporate insiders.

A number of research firms have weighed in on TOL. Royal Bank of Canada cut Toll Brothers from an “outperform” rating to a “sector perform” rating and set a $37.00 price target for the company. in a report on Thursday, December 6th. Wedbush restated a “neutral” rating and issued a $36.00 price target (down previously from $44.00) on shares of Toll Brothers in a report on Tuesday, December 4th. JPMorgan Chase & Co. cut Toll Brothers from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $33.00 to $32.00 in a report on Thursday, March 7th. Barclays decreased their price target on Toll Brothers from $37.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, December 3rd. Finally, Credit Suisse Group restated a “hold” rating and issued a $37.00 price target on shares of Toll Brothers in a report on Friday, January 11th. Three equities 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 currently has a consensus rating of “Hold” and a consensus price target of $40.07.

Shares of TOL opened at $35.93 on Friday. Toll Brothers Inc has a 52-week low of $28.68 and a 52-week high of $45.38. The company has a market capitalization of $5.24 billion, a price-to-earnings ratio of 7.63, a price-to-earnings-growth ratio of 0.93 and a beta of 1.00. The company has a current ratio of 7.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.74.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, February 26th. The construction company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.15. Toll Brothers had a return on equity of 15.83% and a net margin of 9.93%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same period in the prior year, the company posted $0.83 EPS. Toll Brothers’s quarterly revenue was up 16.0% on a year-over-year basis. Sell-side analysts expect that Toll Brothers Inc will post 4.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Thursday, April 11th. Toll Brothers’s payout ratio is 9.34%.

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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.

Further Reading: Quiet Period

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

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