Amalgamated Bank Reduces Holdings in Toll Brothers, Inc. (NYSE:TOL)

Amalgamated Bank reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 24.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,972 shares of the construction company's stock after selling 16,235 shares during the period. Amalgamated Bank's holdings in Toll Brothers were worth $7,566,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in TOL. Oppenheimer & Co. Inc. lifted its position in Toll Brothers by 36.4% during the first quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company's stock valued at $4,105,000 after purchasing an additional 8,474 shares during the period. TCW Group Inc. raised its position in shares of Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company's stock worth $8,713,000 after acquiring an additional 16,503 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Toll Brothers by 106.5% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 20,239 shares of the construction company's stock worth $2,618,000 after acquiring an additional 10,439 shares during the period. Lazard Asset Management LLC raised its position in shares of Toll Brothers by 38.7% in the first quarter. Lazard Asset Management LLC now owns 194,111 shares of the construction company's stock worth $25,111,000 after acquiring an additional 54,196 shares during the period. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Toll Brothers by 8.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 145,190 shares of the construction company's stock worth $18,783,000 after acquiring an additional 10,944 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Toll Brothers Trading Up 1.7 %

Shares of TOL stock traded up $2.60 during trading hours on Thursday, hitting $153.94. The company had a trading volume of 1,091,497 shares, compared to its average volume of 1,372,236. The company's fifty day moving average is $149.40 and its 200 day moving average is $133.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers, Inc. has a fifty-two week low of $78.32 and a fifty-two week high of $160.12. The stock has a market capitalization of $15.54 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 1.10 and a beta of 1.68.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.31 by $0.29. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.73 EPS. Research analysts expect that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued 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 0.60%. Toll Brothers's dividend payout ratio (DPR) is presently 6.34%.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of analyst reports. Evercore ISI upped their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an "outperform" rating in a research report on Monday, July 15th. Oppenheimer boosted their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Bank of America boosted their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. StockNews.com cut shares of Toll Brothers from a "buy" rating to a "hold" rating in a research note on Wednesday, September 11th. Finally, Barclays boosted their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an "underweight" rating in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Toll Brothers has an average rating of "Moderate Buy" and a consensus price target of $148.87.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the sale, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the transaction, the chief executive officer now directly owns 246,382 shares of the company's stock, valued at $38,068,482.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 transaction 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 $35,029,273.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock worth $32,602,152 in the last ninety days. 1.54% of the stock is owned by corporate insiders.

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.