Empowered Funds LLC Cuts Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Empowered Funds LLC decreased its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 26.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,772 shares of the construction company's stock after selling 24,945 shares during the quarter. Empowered Funds LLC owned 0.07% of Toll Brothers worth $10,934,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. First Trust Direct Indexing L.P. grew its stake in shares of Toll Brothers by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock worth $786,000 after buying an additional 72 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Toll Brothers by 11.2% during the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company's stock valued at $94,000 after buying an additional 82 shares in the last quarter. First Citizens Bank & Trust Co. raised its holdings in shares of Toll Brothers by 3.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock valued at $363,000 after purchasing an additional 83 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its holdings in shares of Toll Brothers by 5.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company's stock valued at $212,000 after purchasing an additional 89 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in shares of Toll Brothers by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company's stock valued at $59,000 after purchasing an additional 90 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Toll Brothers Trading Down 0.7 %

Shares of NYSE:TOL traded down $1.03 during midday trading on Friday, reaching $152.67. 782,720 shares of the company's stock were exchanged, compared to its average volume of 1,362,410. The firm's 50 day simple moving average is $150.73 and its two-hundred day simple moving average is $134.85. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The stock has a market cap of $15.42 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.13 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 $160.12.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. Toll Brothers's revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.73 EPS. As a group, sell-side analysts forecast that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, October 11th. Toll Brothers's dividend payout ratio is currently 6.34%.

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares of the company's stock, valued at approximately $51,087,881.18. The trade was a 20.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the business'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 value of $151,100.00. Following the sale, the director now owns 9,944 shares of the company's stock, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,257 shares of company stock valued at $32,602,152. 1.54% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Seaport Res Ptn lowered shares of Toll Brothers from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 4th. StockNews.com downgraded shares of Toll Brothers from a "buy" rating to a "hold" rating in a report on Wednesday, September 11th. Barclays boosted their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, August 22nd. Bank of America boosted their target price 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, Oppenheimer boosted their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus price target 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.