MetLife Investment Management LLC Lowers Stake in Toll Brothers, Inc. (NYSE:TOL)

MetLife Investment Management LLC decreased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 3.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 53,047 shares of the construction company’s stock after selling 1,799 shares during the period. MetLife Investment Management LLC’s holdings in Toll Brothers were worth $8,195,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers in the 3rd quarter valued at $27,000. Brooklyn Investment Group acquired a new position in Toll Brothers in the third quarter valued at $27,000. Larson Financial Group LLC grew its position in Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after acquiring an additional 66 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers during the second quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity

In other news, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the transaction, the chief executive officer now directly owns 296,382 shares in the company, valued at $45,361,265.10. The trade was a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,000 shares of company stock worth $16,435,800. 1.54% of the stock is owned by company insiders.

Toll Brothers Trading Up 0.3 %

Toll Brothers stock opened at $165.17 on Friday. Toll Brothers, Inc. has a 1 year low of $84.66 and a 1 year high of $169.52. The firm’s 50-day moving average is $153.52 and its 200-day moving average is $137.51. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The company has a market cap of $16.68 billion, a P/E ratio of 11.38, a PEG ratio of 1.23 and a beta of 1.68.

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 paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Friday, October 11th. Toll Brothers’s payout ratio is currently 6.34%.

Wall Street Analyst Weigh In

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