OLD National Bancorp IN Makes New $207,000 Investment in Toll Brothers, Inc. (NYSE:TOL)

OLD National Bancorp IN bought a new position in Toll Brothers, Inc. (NYSE:TOL) during the third quarter, Holdings Channel.com reports. The fund bought 1,341 shares of the construction company’s stock, valued at approximately $207,000.

Other hedge funds have also added to or reduced their stakes in the company. Register Financial Advisors LLC bought a new position in Toll Brothers in the 1st quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Toll Brothers in the 2nd quarter worth about $29,000. Massmutual Trust Co. FSB ADV grew its stake 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 worth $31,000 after acquiring an additional 142 shares in the last quarter. UMB Bank n.a. grew 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 acquiring an additional 207 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 223 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TOL has been the topic of a number of research analyst reports. Evercore ISI upped their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Barclays increased their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Citigroup dropped their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Company increased their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $147.07.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Martin P. Connor sold 22,673 shares of the 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 sale, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares in the company, valued at $35,029,273.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 216,257 shares of company stock valued at $32,602,152. Insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 0.7 %

NYSE TOL opened at $146.91 on Thursday. The company has a fifty day simple moving average of $147.09 and a two-hundred day simple moving average of $131.25. The stock has a market cap of $14.83 billion, a P/E ratio of 10.12, a P/E/G ratio of 1.29 and a beta of 1.66. Toll Brothers, Inc. has a 12-month low of $68.08 and a 12-month high of $160.12. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 14.63% and a return on equity of 19.82%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $3.73 earnings per share. On average, analysts forecast that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.23 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.63%. Toll Brothers’s dividend payout ratio is currently 6.34%.

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.