Private Trust Co. NA Acquires 572 Shares of Toll Brothers, Inc. (NYSE:TOL)

Private Trust Co. NA increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 27.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,662 shares of the construction company’s stock after purchasing an additional 572 shares during the period. Private Trust Co. NA’s holdings in Toll Brothers were worth $411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC increased its position in shares of Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toll Brothers during the second quarter worth $29,000. Massmutual Trust Co. FSB ADV lifted its position in Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The trade was a 60.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction dated 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 approximately $1,502,538.40. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,673 shares of company stock worth $19,684,387. Company insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 0.4 %

Toll Brothers stock opened at $164.80 on Thursday. The stock has a 50-day simple moving average of $152.99 and a 200 day simple moving average of $137.05. The stock has a market capitalization of $16.64 billion, a P/E ratio of 11.36, a PEG ratio of 1.26 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers, Inc. has a 52 week low of $84.40 and a 52 week high of $169.52.

Toll Brothers Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have recently commented on TOL shares. Oppenheimer boosted their price target on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Barclays upped their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company lifted their price objective 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. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $148.00 to $175.00 in a report on Friday, October 25th. Finally, Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $148.87.

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.