Mezzasalma Advisors LLC Raises Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Mezzasalma Advisors LLC raised its holdings in Toll Brothers, Inc. (NYSE:TOL) by 3.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,780 shares of the construction company’s stock after purchasing an additional 918 shares during the quarter. Toll Brothers accounts for approximately 1.6% of Mezzasalma Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Mezzasalma Advisors LLC’s holdings in Toll Brothers were worth $4,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TOL. Vontobel Holding Ltd. grew its holdings in Toll Brothers by 66.9% during the third quarter. Vontobel Holding Ltd. now owns 9,017 shares of the construction company’s stock worth $1,393,000 after acquiring an additional 3,615 shares during the period. Jamison Private Wealth Management Inc. boosted its position in Toll Brothers by 23.4% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 1,562 shares of the construction company’s stock worth $241,000 after purchasing an additional 296 shares in the last quarter. Creative Planning grew its stake in shares of Toll Brothers by 11.5% during the 3rd quarter. Creative Planning now owns 10,323 shares of the construction company’s stock worth $1,595,000 after purchasing an additional 1,063 shares during the period. Wesbanco Bank Inc. purchased a new position in shares of Toll Brothers during the 3rd quarter valued at approximately $250,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Toll Brothers in the 3rd quarter valued at $305,000. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the 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 completion of the transaction, the chief financial officer now owns 14,721 shares of the company’s stock, valued at $2,109,224.88. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,257 shares of company stock worth $32,602,152. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Down 0.7 %

TOL stock opened at $156.48 on Thursday. 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 50-day moving average of $144.55 and a two-hundred day moving average of $130.29. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month high of $158.93. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 1.24 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm earned $3.73 earnings per share. As a group, analysts forecast that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.28%.

Wall Street Analyst Weigh In

TOL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wedbush increased their price target on Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Citigroup dropped their price objective on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Finally, Barclays increased their target price on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $147.07.

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.