Northwestern Mutual Wealth Management Co. Buys 290 Shares of Toll Brothers, Inc. (NYSE:TOL)

Northwestern Mutual Wealth Management Co. increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 22.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,569 shares of the construction company’s stock after acquiring an additional 290 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Toll Brothers were worth $181,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Spouting Rock Asset Management LLC acquired a new stake in Toll Brothers in the 4th quarter valued at about $475,000. Voisard Asset Management Group Inc. acquired a new stake in shares of Toll Brothers during the 4th quarter worth about $67,000. Virtu Financial LLC boosted its holdings in shares of Toll Brothers by 90.4% during the 4th quarter. Virtu Financial LLC now owns 18,964 shares of the construction company’s stock worth $1,949,000 after buying an additional 9,005 shares during the period. Goldman Sachs Group Inc. grew its stake 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 valued at $112,124,000 after buying an additional 12,493 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Toll Brothers by 198.3% in the 4th quarter. Wellington Management Group LLP now owns 180,005 shares of the construction company’s stock valued at $18,503,000 after acquiring an additional 119,652 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the transaction, the chief executive officer now owns 246,382 shares in the company, valued at $38,068,482.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 191,257 shares of company stock worth $28,646,402. Insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TOL. Oppenheimer increased their price objective on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Royal Bank of Canada upped their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Wells Fargo & Company raised their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $147.07.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $149.07 on Friday. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $156.08. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The business has a 50 day moving average price of $142.55 and a 200-day moving average price of $129.53. The company has a market cap of $15.30 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 1.21 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) 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 the consensus estimate of $2.71 billion. During the same period in the previous year, the firm earned $3.73 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.28%.

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.