Chartwell Investment Partners LLC Raises Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Chartwell Investment Partners LLC boosted its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 66.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,295 shares of the construction company's stock after buying an additional 14,092 shares during the quarter. Chartwell Investment Partners LLC's holdings in Toll Brothers were worth $5,453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TOL. Greenhaven Associates Inc. boosted its holdings in shares of Toll Brothers by 1.0% in the second quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company's stock worth $641,067,000 after acquiring an additional 52,893 shares during the period. Pacer Advisors Inc. grew its position in shares of Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company's stock valued at $241,380,000 after purchasing an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. increased its holdings in shares of Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company's stock worth $110,993,000 after purchasing an additional 431,160 shares during the period. Marsico Capital Management LLC raised its position in shares of Toll Brothers by 24.5% in the second quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company's stock worth $86,983,000 after buying an additional 148,562 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in Toll Brothers by 0.9% during the first quarter. Jupiter Asset Management Ltd. now owns 718,809 shares of the construction company's stock valued at $92,992,000 after buying an additional 6,572 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, 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 sale, the chief financial officer now owns 14,721 shares of the company's stock, valued at $2,109,224.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares of the company's stock, valued at $35,029,273.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the firm's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock valued at $32,602,152 over the last ninety days. 1.54% of the stock is currently owned by company insiders.

Toll Brothers Stock Performance

NYSE:TOL traded down $5.54 during trading hours on Tuesday, reaching $151.83. The company had a trading volume of 1,180,670 shares, compared to its average volume of 1,368,666. The firm's 50 day moving average price is $149.94 and its 200-day moving average price is $134.38. The firm has a market cap of $15.33 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.18 and a beta of 1.68. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 52 week low of $78.88 and a 52 week high of $160.12.

Toll Brothers (NYSE:TOL - Get Free Report) last issued its quarterly earnings data 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 net margin of 14.63% and a return on equity of 19.82%. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the prior year, the business earned $3.73 EPS. The business's quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts forecast that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Dividend Announcement

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

Analysts Set New Price Targets

TOL has been the subject of a number of research analyst reports. Evercore ISI lifted their price target on Toll Brothers from $177.00 to $180.00 and gave the company an "outperform" rating in a research report on Monday, July 15th. StockNews.com lowered shares of Toll Brothers from a "buy" rating to a "hold" rating in a report on Wednesday, September 11th. Bank of America lifted their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Finally, Seaport Res Ptn lowered Toll Brothers from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus 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.