KBC Group NV Has $534,000 Stock Position in Toll Brothers, Inc. (NYSE:TOL)

KBC Group NV grew its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 49.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,239 shares of the construction company’s stock after acquiring an additional 1,412 shares during the quarter. KBC Group NV’s holdings in Toll Brothers were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TOL. FMR LLC increased its holdings in Toll Brothers by 97.7% during 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. Westfield Capital Management Co. LP purchased a new stake in Toll Brothers in the 3rd quarter valued at $111,562,000. Vaughan Nelson Investment Management L.P. bought a new position in Toll Brothers during the 3rd quarter valued at $38,985,000. Jennison Associates LLC boosted its holdings in Toll Brothers by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock worth $136,614,000 after acquiring an additional 229,603 shares during the last quarter. Finally, Castleark Management LLC bought a new stake in shares of Toll Brothers in the 3rd quarter worth $23,629,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Down 3.4 %

Toll Brothers stock opened at $135.88 on Monday. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 1.17 and a beta of 1.74. The firm has a 50 day simple moving average of $137.97 and a 200 day simple moving average of $142.47. Toll Brothers, Inc. has a 1-year low of $97.45 and a 1-year high of $169.52. The company has a current ratio of 4.92, a quick ratio of 0.80 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.11 EPS. On average, analysts predict that Toll Brothers, Inc. will post 14.15 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.12%.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a research report on Wednesday, December 11th. Citigroup cut their target price on Toll Brothers from $155.00 to $137.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a research report on Friday, December 13th. Bank of America cut their price objective on Toll Brothers from $165.00 to $156.00 and set a “buy” rating on the stock in a research report on Monday, January 27th. Finally, Barclays lowered their target price on Toll Brothers from $135.00 to $115.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.00.

Insiders Place Their Bets

In related news, Director Paul E. Shapiro sold 3,837 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $134.14, for a total value of $514,695.18. Following the sale, the director now directly owns 119,937 shares of the company’s stock, valued at $16,088,349.18. This trade represents a 3.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Christine Garvey sold 204 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $125.78, for a total transaction of $25,659.12. Following the completion of the transaction, the director now directly owns 7,728 shares of the company’s stock, valued at approximately $972,027.84. This represents a 2.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,202 shares of company stock worth $1,947,436 in the last three months. 1.54% of the stock is currently owned by corporate 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.