Kensington Investment Counsel LLC Takes Position in Toll Brothers, Inc. (NYSE:TOL)

Kensington Investment Counsel LLC acquired a new position in shares of Toll Brothers, Inc. (NYSE:TOL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,340 shares of the construction company’s stock, valued at approximately $207,000.

A number of other institutional investors have also recently bought and sold shares of the company. TCW Group Inc. raised its stake in shares of Toll Brothers by 27.9% during the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after purchasing an additional 16,503 shares in the last quarter. Chartwell Investment Partners LLC lifted its stake in Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after acquiring an additional 14,092 shares during the last quarter. Avior Wealth Management LLC grew its position in Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after acquiring an additional 3,328 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Toll Brothers by 62,605.9% during the 3rd quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock worth $1,647,000 after purchasing an additional 10,643 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Toll Brothers by 549.5% during the 2nd quarter. SG Americas Securities LLC now owns 21,199 shares of the construction company’s stock valued at $2,442,000 after purchasing an additional 17,935 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Down 0.0 %

TOL stock opened at $154.10 on Friday. The business’s 50-day simple moving average is $154.06 and its 200 day simple moving average is $138.51. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The company has a market cap of $15.56 billion, a PE ratio of 10.62, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. Toll Brothers, Inc. has a twelve month low of $89.75 and a twelve month high of $169.52.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio is presently 6.34%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TOL. Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a report on Wednesday, August 21st. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Royal Bank of Canada increased their price target on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Monday, December 2nd. Finally, Barclays upped 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $148.87.

Insider Activity at Toll Brothers

In related news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the sale, the director now owns 9,944 shares of the company’s stock, valued at $1,502,538.40. The trade was a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,000 shares of company stock worth $16,435,800. 1.54% of the stock is owned by corporate insiders.

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.