Quest Partners LLC Sells 1,916 Shares of Toll Brothers, Inc. (NYSE:TOL)

Quest Partners LLC decreased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 31.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,246 shares of the construction company’s stock after selling 1,916 shares during the period. Quest Partners LLC’s holdings in Toll Brothers were worth $656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Trust Direct Indexing L.P. lifted its holdings in Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after buying an additional 72 shares during the period. Fifth Third Bancorp lifted its stake in shares of Toll Brothers by 11.2% in the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after acquiring an additional 82 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after acquiring an additional 83 shares during the last quarter. Clifford Swan Investment Counsel LLC increased its position in Toll Brothers by 5.1% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after purchasing an additional 89 shares during the period. Finally, J.Safra Asset Management Corp raised its holdings in Toll Brothers by 21.5% during the 2nd quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock worth $59,000 after purchasing an additional 90 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Wedbush raised Toll Brothers from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $148.00 to $175.00 in a research note on Friday, October 25th. Finally, Bank of America raised their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Stock Up 3.4 %

Shares of NYSE TOL opened at $157.59 on Friday. 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 company has a 50-day moving average price of $151.91 and a 200-day moving average price of $135.94. The stock has a market capitalization of $15.91 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.14 and a beta of 1.68. Toll Brothers, Inc. has a 1 year low of $84.40 and a 1 year high of $160.12.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The business had revenue of $2.73 billion during 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 company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.73 EPS. On average, equities research analysts forecast that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a dividend of $0.23 per share. The ex-dividend date was Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. Toll Brothers’s payout ratio is 6.34%.

Insider Buying and Selling

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the completion of the sale, the chief executive officer now owns 296,382 shares in the company, valued at $45,361,265.10. This represents a 7.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,673 shares of company stock worth $19,684,387. 1.54% of the stock is owned by corporate 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.