140 Summer Partners LP Sells 17,800 Shares of Toll Brothers, Inc. (NYSE:TOL)

140 Summer Partners LP decreased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 5.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 294,444 shares of the construction company’s stock after selling 17,800 shares during the quarter. Toll Brothers accounts for about 4.9% of 140 Summer Partners LP’s investment portfolio, making the stock its 11th biggest position. 140 Summer Partners LP owned about 0.29% of Toll Brothers worth $45,489,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TOL. Price T Rowe Associates Inc. MD raised its holdings in Toll Brothers by 14.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company’s stock valued at $7,319,000 after acquiring an additional 6,998 shares in the last quarter. Tidal Investments LLC bought a new position in Toll Brothers in the first quarter worth $1,647,000. Beck Bode LLC bought a new position in Toll Brothers in the first quarter worth $860,000. Burney Co. boosted its stake in Toll Brothers by 8.8% during the first quarter. Burney Co. now owns 346,454 shares of the construction company’s stock worth $44,821,000 after buying an additional 27,993 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in Toll Brothers by 957.1% in the 1st quarter. Cetera Investment Advisers now owns 22,664 shares of the construction company’s stock valued at $2,932,000 after buying an additional 20,520 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction on 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 sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The trade was a 60.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,673 shares of company stock worth $19,684,387 over the last 90 days. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

TOL opened at $164.80 on Thursday. 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 stock has a market capitalization of $16.64 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.68. The company’s 50 day simple moving average is $152.99 and its 200-day simple moving average is $137.05. Toll Brothers, Inc. has a one year low of $84.40 and a one year high of $169.52.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.56%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.34%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TOL. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Royal Bank of Canada lifted their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Wedbush upgraded Toll Brothers from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. Bank of America boosted 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. Finally, Oppenheimer increased their price objective on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $148.87.

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.