Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Covestor Ltd

Covestor Ltd increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 40.9% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 475 shares of the construction company’s stock after purchasing an additional 138 shares during the period. Covestor Ltd’s holdings in Toll Brothers were worth $74,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Entropy Technologies LP acquired a new position in shares of Toll Brothers in the first quarter worth $424,000. State Board of Administration of Florida Retirement System lifted its stake in Toll Brothers by 8.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 145,190 shares of the construction company’s stock valued at $18,783,000 after buying an additional 10,944 shares during the last quarter. Kingsview Wealth Management LLC acquired a new stake in Toll Brothers during the 1st quarter worth $599,000. Orion Portfolio Solutions LLC boosted its stake in shares of Toll Brothers by 16.6% during the first quarter. Orion Portfolio Solutions LLC now owns 6,270 shares of the construction company’s stock worth $811,000 after buying an additional 894 shares during the period. Finally, Great Lakes Retirement Inc. grew its stake in shares of Toll Brothers by 4.1% in the 1st quarter. Great Lakes Retirement Inc. now owns 9,670 shares of the construction company’s stock valued at $1,251,000 after purchasing an additional 378 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on TOL shares. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.87.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the sale, the director now owns 9,944 shares of the company’s stock, valued at $1,502,538.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock worth $32,602,152 in the last ninety days. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

Shares of TOL stock opened at $151.69 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The firm has a market cap of $15.32 billion, a P/E ratio of 10.45, a P/E/G ratio of 1.13 and a beta of 1.68. Toll Brothers, Inc. has a 1-year low of $82.87 and a 1-year high of $160.12. The firm has a fifty day moving average of $150.18 and a two-hundred day moving average of $134.60.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share 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 company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the company earned $3.73 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, October 11th. 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.