Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 49.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 48,380 shares of the construction company’s stock after purchasing an additional 15,913 shares during the quarter. HighTower Advisors LLC’s holdings in Toll Brothers were worth $7,472,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Basswood Capital Management L.L.C. increased its position in shares of Toll Brothers by 10.4% in the third quarter. Basswood Capital Management L.L.C. now owns 270,234 shares of the construction company’s stock valued at $41,748,000 after buying an additional 25,465 shares in the last quarter. Paloma Partners Management Co acquired a new stake in Toll Brothers in the 3rd quarter valued at about $890,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Toll Brothers by 76.4% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 9,165 shares of the construction company’s stock valued at $1,416,000 after acquiring an additional 3,969 shares in the last quarter. Verition Fund Management LLC raised its position in Toll Brothers by 135.0% during the third quarter. Verition Fund Management LLC now owns 121,357 shares of the construction company’s stock worth $18,748,000 after acquiring an additional 69,710 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Toll Brothers by 5.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,298 shares of the construction company’s stock valued at $3,754,000 after purchasing an additional 1,347 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,000 shares of company stock worth $16,435,800. Company insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TOL. Barclays upped their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Bank of America upped 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. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Monday, December 2nd. Finally, Oppenheimer upped their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $148.87.

Toll Brothers Stock Performance

NYSE:TOL opened at $156.50 on Tuesday. 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 company has a market cap of $15.80 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.16 and a beta of 1.69. Toll Brothers, Inc. has a fifty-two week low of $91.92 and a fifty-two week high of $169.52. The firm’s 50 day moving average is $154.10 and its two-hundred day moving average is $138.90.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company posted $4.11 EPS. Analysts expect that Toll Brothers, Inc. will post 13.52 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.59%. Toll Brothers’s payout ratio is 6.34%.

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.