State of Alaska Department of Revenue Has $1.84 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

State of Alaska Department of Revenue grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 5.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,921 shares of the construction company’s stock after acquiring an additional 605 shares during the period. State of Alaska Department of Revenue’s holdings in Toll Brothers were worth $1,841,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TOL. Pacer Advisors Inc. raised its position in Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after acquiring an additional 431,160 shares during the period. Anchor Capital Advisors LLC bought a new stake in Toll Brothers in the second quarter valued at approximately $17,740,000. Marsico Capital Management LLC increased its position in Toll Brothers by 24.5% during the 2nd quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock valued at $86,983,000 after purchasing an additional 148,562 shares during the period. Finally, Interval Partners LP raised its holdings in Toll Brothers by 842.9% during the 1st quarter. Interval Partners LP now owns 147,623 shares of the construction company’s stock worth $19,098,000 after purchasing an additional 131,966 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the transaction, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 216,257 shares of company stock worth $32,602,152. 1.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TOL. Evercore ISI boosted their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. 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 report on Thursday, September 19th. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Stock Up 0.0 %

Toll Brothers stock opened at $146.50 on Friday. The firm has a market capitalization of $14.79 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.19 and a beta of 1.66. The firm’s fifty day moving average price is $148.74 and its two-hundred day moving average price is $132.52. Toll Brothers, Inc. has a 1-year low of $76.50 and a 1-year high of $160.12. 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 (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.29. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.73 EPS. On average, equities research analysts predict that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s payout ratio is currently 6.34%.

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.