Commerce Bank Has $586,000 Position in Toll Brothers, Inc. (NYSE:TOL)

Commerce Bank raised its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,793 shares of the construction company’s stock after purchasing an additional 249 shares during the period. Commerce Bank’s holdings in Toll Brothers were worth $586,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC boosted its holdings in shares of Toll Brothers by 4,894.1% during the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after buying an additional 3,328 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Toll Brothers by 6.0% during the third quarter. PNC Financial Services Group Inc. now owns 22,437 shares of the construction company’s stock valued at $3,466,000 after acquiring an additional 1,267 shares during the period. Caprock Group LLC bought a new stake in Toll Brothers during the third quarter valued at about $328,000. Thrivent Financial for Lutherans grew its position in shares of Toll Brothers by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 27,644 shares of the construction company’s stock valued at $4,271,000 after purchasing an additional 491 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Toll Brothers in the third quarter worth about $38,985,000. Institutional investors own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on TOL shares. Barclays raised their target price on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. Bank of America boosted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $148.00 to $175.00 in a research report on Friday, October 25th. Two research 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Stock Performance

Shares of NYSE:TOL opened at $167.85 on Tuesday. The stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.18 and a beta of 1.68. The business’s fifty day moving average price is $152.43 and its two-hundred day moving average price is $136.59. Toll Brothers, Inc. has a fifty-two week low of $84.40 and a fifty-two week high of $169.52. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57.

Toll Brothers Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.34%.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the completion of the sale, the chief executive officer now directly owns 296,382 shares of the company’s stock, valued at $45,361,265.10. This trade represents a 7.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the business’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 completion of the transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. This represents a 60.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,673 shares of company stock valued at $19,684,387 in the last ninety days. Insiders own 1.54% of the company’s stock.

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.