DekaBank Deutsche Girozentrale Sells 200 Shares of Toll Brothers, Inc. (NYSE:TOL)

DekaBank Deutsche Girozentrale trimmed its holdings in Toll Brothers, Inc. (NYSE:TOL) by 2.3% in the 3rd quarter, Holdings Channel reports. The fund owned 8,591 shares of the construction company’s stock after selling 200 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Toll Brothers were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of TOL. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Toll Brothers by 106.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 20,239 shares of the construction company’s stock valued at $2,618,000 after buying an additional 10,439 shares during the period. Private Advisor Group LLC lifted its position in shares of Toll Brothers by 46.7% in the 1st quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock worth $3,347,000 after acquiring an additional 8,234 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Toll Brothers by 28.4% during the 1st quarter. BNP Paribas Financial Markets now owns 112,804 shares of the construction company’s stock worth $14,593,000 after purchasing an additional 24,951 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of Toll Brothers by 11.2% during the first quarter. Janney Montgomery Scott LLC now owns 126,696 shares of the construction company’s stock valued at $16,391,000 after purchasing an additional 12,757 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new position in shares of Toll Brothers in the first quarter valued at $129,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Buying and Selling

In other news, CFO Martin P. Connor sold 22,673 shares of the firm’s 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 in the company, valued at $2,109,224.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $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 is available at this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the firm’s 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 sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 216,257 shares of company stock valued at $32,602,152 over the last ninety days. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 0.0 %

Shares of NYSE TOL opened at $146.50 on Friday. Toll Brothers, Inc. has a 12-month low of $76.50 and a 12-month high of $160.12. The firm’s 50-day simple moving average is $148.74 and its 200 day simple moving average is $132.64. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The company has a market cap of $14.79 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 1.18 and a beta of 1.68.

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

Toll Brothers Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on TOL. Barclays lifted their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Oppenheimer upped their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. Evercore ISI lifted their price objective on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Wells Fargo & Company increased their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average price target of $148.87.

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.