Larson Financial Group LLC Purchases 66 Shares of Toll Brothers, Inc. (NYSE:TOL)

Larson Financial Group LLC boosted its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 57.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 180 shares of the construction company’s stock after acquiring an additional 66 shares during the quarter. Larson Financial Group LLC’s holdings in Toll Brothers were worth $28,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TOL. First Trust Direct Indexing L.P. raised its holdings in shares of Toll Brothers by 1.4% in the 3rd 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 raised its stake in 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 buying an additional 82 shares during the period. First Citizens Bank & Trust Co. lifted its position in shares of Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after buying an additional 83 shares during the last quarter. Clifford Swan Investment Counsel LLC boosted its stake in shares of Toll Brothers by 5.1% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock worth $212,000 after acquiring an additional 89 shares during the period. Finally, J.Safra Asset Management Corp increased its holdings in shares of 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 acquiring an additional 90 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TOL. Barclays raised their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research note on Wednesday, August 21st. Royal Bank of Canada raised their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Bank of America increased their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.87.

Insider Activity at Toll Brothers

In other news, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at approximately $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the completion of the transaction, the chief executive officer now owns 246,382 shares of the company’s stock, valued at approximately $38,068,482.82. This trade represents a 16.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock valued at $16,435,800 over the last ninety days. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Performance

NYSE TOL opened at $165.17 on Friday. The firm’s 50 day simple moving average is $153.52 and its 200 day simple moving average is $137.58. The firm has a market capitalization of $16.68 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 1.23 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 1 year low of $84.66 and a 1 year high of $169.52.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.34%.

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.