American Century Companies Inc. Has $31.60 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

American Century Companies Inc. decreased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 33.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 274,309 shares of the construction company’s stock after selling 134,808 shares during the period. American Century Companies Inc.’s holdings in Toll Brothers were worth $31,595,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TOL. Fifth Third Bancorp grew its position in shares of Toll Brothers by 11.2% in the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after purchasing an additional 82 shares during the last quarter. Clifford Swan Investment Counsel LLC grew its holdings in Toll Brothers by 5.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after buying an additional 89 shares in the last quarter. J.Safra Asset Management Corp increased its position in Toll Brothers by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock worth $59,000 after buying an additional 90 shares during the period. Diversified Trust Co lifted its holdings in shares of Toll Brothers by 1.7% during the second quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock worth $683,000 after buying an additional 100 shares in the last quarter. Finally, Ellis Investment Partners LLC boosted its position in shares of Toll Brothers by 2.8% in the second quarter. Ellis Investment Partners LLC now owns 3,885 shares of the construction company’s stock valued at $447,000 after acquiring an additional 105 shares during the period. 91.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of Toll Brothers from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $112.00 to $124.00 in a research note on Monday, June 17th. Barclays lifted their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Citigroup reduced their price target on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Wells Fargo & Company lifted their price objective on Toll Brothers from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, Raymond James reissued a “strong-buy” rating and set a $145.00 target price (up from $135.00) on shares of Toll Brothers in a report on Thursday, May 23rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $144.67.

Toll Brothers Trading Up 0.4 %

TOL opened at $150.60 on Wednesday. The company has a market cap of $15.46 billion, a P/E ratio of 10.29, a PEG ratio of 1.19 and a beta of 1.67. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $135.72 and its 200-day moving average is $125.92. Toll Brothers, Inc. has a 1-year low of $68.08 and a 1-year high of $151.96.

Toll Brothers (NYSE:TOL) last posted its earnings results 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 firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the firm posted $3.73 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. Equities research analysts predict that Toll Brothers, Inc. will post 13.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 value of $3,248,587.44. Following the completion of the transaction, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. The disclosure for this sale can be found here. Insiders own 1.54% of the company’s stock.

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.