Assetmark Inc. Boosts Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Assetmark Inc. grew its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 31.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 354,859 shares of the construction company's stock after purchasing an additional 85,674 shares during the period. Assetmark Inc. owned about 0.35% of Toll Brothers worth $54,822,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. First Trust Direct Indexing L.P. increased its stake in Toll Brothers by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock worth $786,000 after purchasing an additional 72 shares during the period. Fifth Third Bancorp increased its stake in shares of Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company's stock valued at $94,000 after buying an additional 82 shares during the period. First Citizens Bank & Trust Co. increased its stake in shares of Toll Brothers by 3.7% during the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock valued at $363,000 after buying an additional 83 shares during the period. Clifford Swan Investment Counsel LLC increased its stake in shares of Toll Brothers by 5.1% during the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company's stock valued at $212,000 after buying an additional 89 shares during the period. Finally, J.Safra Asset Management Corp increased its stake in shares of Toll Brothers by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company's stock valued at $59,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Stock Up 2.4 %

NYSE TOL traded up $3.75 during trading on Friday, hitting $157.59. The company's stock had a trading volume of 1,226,326 shares, compared to its average volume of 1,084,585. 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 company has a market cap of $15.91 billion, a PE ratio of 10.86, a P/E/G ratio of 1.18 and a beta of 1.68. The business's 50 day simple moving average is $149.67 and its 200-day simple moving average is $133.99. Toll Brothers, Inc. has a fifty-two week low of $78.32 and a fifty-two week high of $160.12.

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

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, October 11th. Toll Brothers's payout ratio is 6.34%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Bank of America raised 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. Wells Fargo & Company raised their price target on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Barclays raised their price target on Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, August 22nd. StockNews.com lowered Toll Brothers from a "buy" rating to a "hold" rating in a research note on Wednesday, September 11th. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Two research 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $148.87.

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the completion of the transaction, the chief executive officer now directly owns 296,382 shares in the company, valued at approximately $45,361,265.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the transaction, the chief executive officer now owns 346,382 shares of the company's stock, valued at approximately $51,087,881.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 216,257 shares of company stock worth $32,602,152 over the last three months. 1.54% of the stock is currently owned by 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.