Covestor Ltd Raises Position in Toll Brothers, Inc. (NYSE:TOL)

Covestor Ltd lifted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 40.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475 shares of the construction company’s stock after buying an additional 138 shares during the quarter. Covestor Ltd’s holdings in Toll Brothers were worth $74,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TOL. First Trust Direct Indexing L.P. lifted its position in Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after purchasing an additional 72 shares during the period. Fifth Third Bancorp boosted its stake in Toll Brothers by 11.2% in the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after purchasing an additional 82 shares during the period. First Citizens Bank & Trust Co. grew its stake in Toll Brothers by 3.7% during the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after acquiring an additional 83 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its holdings in shares of Toll Brothers by 5.1% in the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock worth $212,000 after purchasing an additional 89 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its stake in Toll Brothers by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock worth $59,000 after acquiring an additional 90 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

TOL opened at $151.69 on Thursday. The firm has a 50 day moving average of $150.18 and a two-hundred day moving average of $134.60. The firm has a market capitalization of $15.32 billion, a PE ratio of 10.45, a P/E/G ratio of 1.13 and a beta of 1.68. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 12-month low of $82.87 and a 12-month high of $160.12.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the company earned $3.73 earnings per share. Toll Brothers’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, analysts anticipate that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Toll Brothers’s dividend payout ratio is presently 6.34%.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction 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 $2,109,224.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction on Friday, August 30th. The stock was 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 directly owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the transaction, the director now owns 9,944 shares in the company, valued at $1,502,538.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 216,257 shares of company stock valued at $32,602,152 in the last three months. 1.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Barclays upped their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Oppenheimer lifted their target price on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Bank of America lifted their target price on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $148.87.

About Toll Brothers

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.