LGT Financial Advisors LLC Reduces Position in Toll Brothers, Inc. (NYSE:TOL)

LGT Financial Advisors LLC decreased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 25.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 349 shares of the construction company’s stock after selling 120 shares during the period. LGT Financial Advisors LLC’s holdings in Toll Brothers were worth $54,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Security Advisor Inc. purchased a new stake in Toll Brothers in the 3rd quarter valued at $244,000. MinichMacGregor Wealth Management LLC purchased a new stake in shares of Toll Brothers in the third quarter valued at about $8,198,000. QRG Capital Management Inc. increased its position in Toll Brothers by 26.9% during the third quarter. QRG Capital Management Inc. now owns 27,350 shares of the construction company’s stock worth $4,225,000 after purchasing an additional 5,803 shares during the last quarter. Van ECK Associates Corp raised its stake in Toll Brothers by 40.0% during the third quarter. Van ECK Associates Corp now owns 63,589 shares of the construction company’s stock worth $9,344,000 after purchasing an additional 18,169 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Toll Brothers by 1.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 137,622 shares of the construction company’s stock valued at $21,261,000 after purchasing an additional 2,264 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Stock Down 1.5 %

Shares of NYSE TOL opened at $151.34 on Thursday. The stock has a market cap of $15.28 billion, a P/E ratio of 10.43, a PEG ratio of 1.10 and a beta of 1.68. The business’s fifty day simple moving average is $149.17 and its 200-day simple moving average is $133.44. Toll Brothers, Inc. has a 12-month low of $78.32 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, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the company earned $3.73 EPS. Toll Brothers’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, equities analysts predict that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders 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 0.61%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TOL shares. 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 report on Thursday, August 22nd. Evercore ISI lifted their target price on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Royal Bank of Canada increased their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Oppenheimer boosted their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $148.87.

Insider Buying and Selling at Toll Brothers

In other news, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the transaction, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 216,257 shares of company stock valued at $32,602,152. Insiders own 1.54% of the company’s stock.

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.