Aviance Capital Partners LLC Decreases Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Aviance Capital Partners LLC reduced its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 31.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,075 shares of the construction company’s stock after selling 6,875 shares during the quarter. Aviance Capital Partners LLC’s holdings in Toll Brothers were worth $2,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toll Brothers during the second quarter worth $29,000. Massmutual Trust Co. FSB ADV raised its holdings in shares of Toll Brothers by 114.5% in the second 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 during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Toll Brothers by 202.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after acquiring an additional 223 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after acquiring an additional 207 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Toll Brothers stock opened at $152.47 on Tuesday. The company has a market capitalization of $15.39 billion, a price-to-earnings ratio of 10.51, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68. Toll Brothers, Inc. has a 12-month low of $84.40 and a 12-month high of $160.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The firm’s fifty day moving average price is $151.01 and its 200 day moving average price is $135.29.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $3.73 EPS. On average, research analysts forecast that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio is presently 6.34%.

Analyst Ratings Changes

A number of research analysts have issued reports on TOL shares. Royal Bank of Canada upped their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Bank of America lifted their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays increased their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Finally, Oppenheimer lifted their price target 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus price target of $148.87.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. This represents a 20.18 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was 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 in the company, valued at approximately $2,109,224.88. The trade was a 60.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,257 shares of company stock worth $32,602,152. 1.54% of the stock is currently 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.