Charles Schwab Investment Management Inc. Sells 8,858 Shares of Toll Brothers, Inc. (NYSE:TOL)

Charles Schwab Investment Management Inc. lowered its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 688,486 shares of the construction company's stock after selling 8,858 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.68% of Toll Brothers worth $106,364,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new stake in shares of Toll Brothers in the third quarter valued at approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Toll Brothers during the 2nd quarter valued at $29,000. Massmutual Trust Co. FSB ADV grew its holdings in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company's stock worth $31,000 after purchasing an additional 142 shares in the last quarter. UMB Bank n.a. increased its position in shares of 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 purchasing an additional 207 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in Toll Brothers by 202.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company's stock valued at $38,000 after purchasing an additional 223 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Trading Down 2.2 %

NYSE TOL traded down $3.71 on Tuesday, reaching $164.09. The company had a trading volume of 1,388,702 shares, compared to its average volume of 1,355,444. The firm has a market cap of $16.57 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 1.18 and a beta of 1.68. Toll Brothers, Inc. has a fifty-two week low of $84.40 and a fifty-two week high of $169.52. The business has a 50 day moving average of $152.69 and a two-hundred day moving average of $136.85. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers's dividend payout ratio is currently 6.34%.

Insider Activity at Toll Brothers

In related news, Director John A. Mclean sold 1,000 shares of the firm's stock in a transaction that occurred on 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 sale, the director now owns 9,944 shares of the company's stock, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the sale, the chief financial officer now owns 14,721 shares of the company's stock, valued at approximately $2,109,224.88. The trade was a 60.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,673 shares of company stock worth $19,684,387 over the last ninety days. Insiders own 1.54% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on TOL. Barclays raised their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a report on Thursday, August 22nd. Seaport Res Ptn cut Toll Brothers from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 4th. Oppenheimer lifted their price target on Toll Brothers from $168.00 to $189.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Wells Fargo & Company upped their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an "overweight" rating in a research report on Friday, September 27th. Finally, Bank of America lifted their target price on Toll Brothers from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $148.87.

Toll Brothers Company 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.