Toll Brothers Inc. (NYSE:TOL) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp raised its stake in Toll Brothers Inc. (NYSE:TOL) by 41.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,774 shares of the construction company’s stock after buying an additional 17,931 shares during the quarter. Alberta Investment Management Corp owned approximately 0.06% of Toll Brothers worth $6,417,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Trail Ridge Investment Advisors LLC grew its stake in shares of Toll Brothers by 0.5% during the first quarter. Trail Ridge Investment Advisors LLC now owns 25,624 shares of the construction company’s stock worth $2,706,000 after purchasing an additional 132 shares in the last quarter. Left Brain Wealth Management LLC purchased a new stake in shares of Toll Brothers in the first quarter valued at about $317,000. MQS Management LLC acquired a new stake in Toll Brothers during the 1st quarter worth approximately $649,000. Financial Security Advisor Inc. purchased a new position in Toll Brothers in the 1st quarter valued at $231,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Toll Brothers in the first quarter valued at about $227,000. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TOL has been the subject of several research analyst reports. Oppenheimer dropped their price objective on Toll Brothers from $165.00 to $155.00 and set an “outperform” rating for the company in a research note on Thursday, May 15th. UBS Group restated a “buy” rating on shares of Toll Brothers in a report on Tuesday, May 20th. Keefe, Bruyette & Woods dropped their price target on shares of Toll Brothers from $132.00 to $120.00 and set a “market perform” rating for the company in a research report on Tuesday, May 20th. Wedbush reaffirmed an “outperform” rating on shares of Toll Brothers in a research note on Tuesday, May 20th. Finally, Evercore ISI reaffirmed an “outperform” rating and set a $169.00 price target (up from $167.00) on shares of Toll Brothers in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $142.23.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CAO Michael J. Grubb sold 500 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $120.00, for a total transaction of $60,000.00. Following the transaction, the chief accounting officer directly owned 2,439 shares in the company, valued at $292,680. This trade represents a 17.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen F. East sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $115.33, for a total value of $288,325.00. Following the sale, the director directly owned 12,787 shares of the company’s stock, valued at $1,474,724.71. The trade was a 16.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,770 shares of company stock worth $440,586 in the last 90 days. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

NYSE TOL opened at $121.92 on Friday. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The stock’s 50-day moving average price is $113.97 and its two-hundred day moving average price is $112.12. The company has a current ratio of 4.21, a quick ratio of 0.44 and a debt-to-equity ratio of 0.35. The company has a market cap of $11.97 billion, a PE ratio of 9.04, a PEG ratio of 1.23 and a beta of 1.33.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, May 20th. The construction company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.64. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.50 billion. Toll Brothers had a return on equity of 17.87% and a net margin of 12.95%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $3.38 EPS. On average, analysts predict that Toll Brothers Inc. will post 13.83 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Friday, July 11th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, July 11th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio is 7.42%.

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.