MAI Capital Management Trims Position in Toll Brothers, Inc. (NYSE:TOL)

MAI Capital Management decreased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 8.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,140 shares of the construction company’s stock after selling 2,917 shares during the quarter. MAI Capital Management’s holdings in Toll Brothers were worth $4,811,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Thrivent Financial for Lutherans boosted its stake in Toll Brothers by 1.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 27,644 shares of the construction company’s stock worth $4,271,000 after buying an additional 491 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Toll Brothers during the 3rd quarter valued at about $38,985,000. Natixis Advisors LLC lifted its holdings in shares of Toll Brothers by 133.2% during the 3rd quarter. Natixis Advisors LLC now owns 53,521 shares of the construction company’s stock worth $8,269,000 after acquiring an additional 30,566 shares during the period. CIBC Asset Management Inc boosted its position in shares of Toll Brothers by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock worth $472,000 after acquiring an additional 109 shares during the last quarter. Finally, Huntington National Bank grew its holdings in Toll Brothers by 46.8% in the third quarter. Huntington National Bank now owns 712 shares of the construction company’s stock valued at $110,000 after purchasing an additional 227 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Down 0.4 %

Shares of NYSE TOL opened at $151.83 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers, Inc. has a 1 year low of $84.40 and a 1 year high of $160.12. The stock’s 50-day simple moving average is $151.27 and its 200-day simple moving average is $135.51. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 1.14 and a beta of 1.68.

Toll Brothers (NYSE:TOL) last announced its 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 period in the prior year, the company posted $3.73 EPS. Toll Brothers’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts anticipate that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. Toll Brothers’s dividend payout ratio (DPR) is 6.34%.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the transaction, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s 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 owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The trade was a 20.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 216,257 shares of company stock valued at $32,602,152 in the last ninety days. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

TOL has been the topic of a number of research analyst reports. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Wells Fargo & Company boosted their price target on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a report on Wednesday, August 21st. Finally, Bank of America raised their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $148.87.

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.