Barclays PLC Increases Position in Toll Brothers, Inc. (NYSE:TOL)

Barclays PLC boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 233,681 shares of the construction company's stock after purchasing an additional 8,794 shares during the period. Barclays PLC owned about 0.23% of Toll Brothers worth $36,103,000 at the end of the most recent reporting period.

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

Toll Brothers Price Performance

Shares of TOL traded down $4.61 during midday trading on Friday, hitting $133.85. 2,505,619 shares of the company traded hands, compared to its average volume of 1,372,502. Toll Brothers, Inc. has a 52 week low of $95.46 and a 52 week high of $169.52. 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 firm has a 50 day moving average of $153.08 and a 200-day moving average of $139.16. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.07 and a beta of 1.69.

Toll Brothers (NYSE:TOL - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 19.64% and a net margin of 14.48%. The firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $4.11 EPS. On average, analysts forecast that Toll Brothers, Inc. will post 14.55 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, January 10th. Toll Brothers's dividend payout ratio is presently 6.12%.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the sale, the chief financial officer now directly owns 9,721 shares of the company's stock, valued at $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the chief executive officer now directly owns 221,382 shares of the company's stock, valued at $35,029,273.86. The trade was a 10.15 % 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 valued at $16,435,800 over the last 90 days. 1.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on TOL. Oppenheimer reaffirmed an "outperform" rating and issued a $189.00 target price on shares of Toll Brothers in a report on Thursday. Barclays raised their price objective on Toll Brothers from $116.00 to $135.00 and gave the stock an "underweight" rating in a research note on Thursday, August 22nd. Wells Fargo & Company boosted their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Evercore ISI raised their target price on shares of Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Royal Bank of Canada upped their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an "outperform" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company 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.