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

HighTower Advisors LLC grew its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 49.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,380 shares of the construction company’s stock after purchasing an additional 15,913 shares during the period. HighTower Advisors LLC’s holdings in Toll Brothers were worth $7,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TOL. FMR LLC lifted its stake in Toll Brothers by 97.7% during the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after acquiring an additional 1,046,758 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Toll Brothers during the third quarter worth about $111,562,000. Pacer Advisors Inc. increased its stake in Toll Brothers by 34.8% during the second 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 period. Point72 Asset Management L.P. increased its stake in Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after purchasing an additional 431,160 shares during the period. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in Toll Brothers during the 3rd quarter worth approximately $38,985,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the completion of the transaction, the chief executive officer now directly owns 296,382 shares in the company, valued at $45,361,265.10. This represents a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock worth $16,435,800 in the last quarter. Company insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 1.6 %

TOL opened at $156.50 on Tuesday. The firm has a market cap of $15.80 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. Toll Brothers, Inc. has a 52 week low of $91.92 and a 52 week high of $169.52. The business’s 50 day moving average is $154.10 and its two-hundred day moving average is $138.90. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

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

Toll Brothers Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TOL shares. Royal Bank of Canada increased their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Wedbush reaffirmed an “outperform” rating and issued a $175.00 target price on shares of Toll Brothers in a report on Monday, December 2nd. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Barclays raised their price objective 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $148.87.

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.