Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 39.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,559 shares of the construction company’s stock after purchasing an additional 3,570 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Toll Brothers were worth $1,940,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TOL. Capital Performance Advisors LLP purchased a new stake in shares of Toll Brothers in the third quarter worth about $27,000. Brooklyn Investment Group purchased a new stake in Toll Brothers in the 3rd quarter worth approximately $27,000. Larson Financial Group LLC boosted its position in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after purchasing an additional 223 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the sale, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the sale, the director now owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,000 shares of company stock worth $16,435,800 in the last ninety days. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Down 3.3 %

NYSE TOL opened at $133.86 on Friday. The business has a fifty day moving average price of $153.40 and a 200 day moving average price of $139.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The company has a market cap of $13.52 billion, a P/E ratio of 8.91, a P/E/G ratio of 1.07 and a beta of 1.69. Toll Brothers, Inc. has a one year low of $95.46 and a one year high of $169.52.

Toll Brothers (NYSE:TOL) last issued its earnings results on Monday, December 9th. The construction company reported $4.63 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.11 earnings per share. Research analysts anticipate that Toll Brothers, Inc. will post 14.55 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers’s dividend payout ratio (DPR) is 6.12%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $150.00 price target (down from $166.00) on shares of Toll Brothers in a report on Friday. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Oppenheimer restated an “outperform” rating and issued a $189.00 price target on shares of Toll Brothers in a research note on Thursday. Royal Bank of Canada increased their price target on Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Keefe, Bruyette & Woods cut Toll Brothers from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $168.00 to $164.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.53.

About Toll Brothers

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.