Advisors Asset Management Inc. Has $820,000 Holdings in Toll Brothers, Inc. (NYSE:TOL)

Advisors Asset Management Inc. lowered its position in Toll Brothers, Inc. (NYSE:TOL) by 17.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 5,308 shares of the construction company’s stock after selling 1,156 shares during the period. Advisors Asset Management Inc.’s holdings in Toll Brothers were worth $820,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Toll Brothers in the third quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers in the 2nd quarter worth about $29,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 223 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Trading Down 2.2 %

NYSE TOL opened at $164.09 on Wednesday. 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 firm has a market capitalization of $16.57 billion, a P/E ratio of 11.31, a PEG ratio of 1.18 and a beta of 1.68. The business has a fifty day simple moving average of $152.69 and a 200 day simple moving average of $136.85. Toll Brothers, Inc. has a 12 month low of $84.40 and a 12 month high of $169.52.

Toll Brothers Dividend Announcement

The company also recently declared 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s payout ratio is currently 6.34%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TOL. Royal Bank of Canada lifted their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $148.00 to $175.00 in a research report on Friday, October 25th. Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Barclays lifted their price target 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. Finally, StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $148.87.

Insider Buying and Selling

In related news, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the transaction, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. The trade was a 33.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,673 shares of company stock worth $19,684,387. 1.54% of the stock is owned by insiders.

Toll Brothers Company 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.