Aviance Capital Partners LLC Sells 6,875 Shares of Toll Brothers, Inc. (NYSE:TOL)

Aviance Capital Partners LLC reduced its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 31.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,075 shares of the construction company's stock after selling 6,875 shares during the period. Aviance Capital Partners LLC's holdings in Toll Brothers were worth $2,329,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. TCW Group Inc. increased its position in shares of Toll Brothers by 27.9% during 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 in the last quarter. Lazard Asset Management LLC grew its stake 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 valued at $25,111,000 after buying an additional 54,196 shares in the last quarter. Chartwell Investment Partners LLC increased its holdings in Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company's stock worth $5,453,000 after buying an additional 14,092 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Toll Brothers by 62,605.9% in the third quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company's stock valued at $1,647,000 after acquiring an additional 10,643 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Toll Brothers by 14.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company's stock valued at $7,319,000 after purchasing an additional 6,998 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on TOL. StockNews.com downgraded Toll Brothers from a "buy" rating to a "hold" rating in a research report on Wednesday, September 11th. Seaport Res Ptn downgraded Toll Brothers from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 4th. Oppenheimer lifted their target price on Toll Brothers from $168.00 to $189.00 and gave the stock an "outperform" rating in a report on Wednesday, October 2nd. Bank of America upped their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada lifted their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an "outperform" 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 given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Toll Brothers has an average rating of "Moderate Buy" and an average price target of $148.87.

Toll Brothers Trading Down 0.4 %

Shares of NYSE TOL traded down $0.58 during midday trading on Tuesday, reaching $151.83. The stock had a trading volume of 916,554 shares, compared to its average volume of 1,357,293. Toll Brothers, Inc. has a twelve month low of $84.40 and a twelve month high of $160.12. 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's 50 day moving average price is $151.27 and its 200 day moving average price is $135.51. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68.

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 (EPS) for the quarter, beating 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 return on equity of 19.82% and a net margin of 14.63%. The company's revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.73 earnings per share. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.23 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.61%. Toll Brothers's payout ratio is currently 6.34%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of Toll Brothers 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 completion of the transaction, the director now owns 9,944 shares in the company, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares in the company, valued at $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 quarter, insiders sold 216,257 shares of company stock valued at $32,602,152. Company insiders own 1.54% of the company's stock.

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.