Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC decreased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 0.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 32,887 shares of the construction company’s stock after selling 93 shares during the period. Moran Wealth Management LLC’s holdings in Toll Brothers were worth $5,081,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Greenhaven Associates Inc. raised its position in Toll Brothers by 1.0% in the 2nd quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock valued at $641,067,000 after purchasing an additional 52,893 shares in the last quarter. Pacer Advisors Inc. raised its position in Toll Brothers by 34.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after purchasing an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after acquiring an additional 431,160 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Toll Brothers by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after acquiring an additional 229,603 shares during the last quarter. Finally, Marsico Capital Management LLC increased its holdings in shares of Toll Brothers by 24.5% in the 2nd quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock valued at $86,983,000 after acquiring an additional 148,562 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Up 0.1 %

Toll Brothers stock opened at $151.96 on Thursday. Toll Brothers, Inc. has a twelve month low of $84.40 and a twelve month high of $160.12. The stock has a 50 day moving average of $151.51 and a two-hundred day moving average of $135.71. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.14 and a beta of 1.68.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $3.73 EPS. As a group, research analysts expect that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders 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 dividend yield of 0.61%. Toll Brothers’s dividend payout ratio is currently 6.34%.

Analysts Set New Price Targets

A number of research firms have recently commented on TOL. Barclays increased their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Wedbush upgraded Toll Brothers from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $148.00 to $175.00 in a report on Friday, October 25th. Royal Bank of Canada increased their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Finally, Bank of America increased their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.87.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of 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 20.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction on Friday, August 30th. The stock was 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 of the company’s stock, valued at approximately $2,109,224.88. This represents a 60.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 216,257 shares of company stock valued at $32,602,152 in the last three months. 1.54% of the stock is currently owned by company insiders.

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.