Long Run Wealth Advisors LLC Trims Holdings in Toll Brothers, Inc. (NYSE:TOL)

Long Run Wealth Advisors LLC decreased its position in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,496 shares of the construction company's stock after selling 3,402 shares during the period. Long Run Wealth Advisors LLC's holdings in Toll Brothers were worth $3,784,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toll Brothers in the second quarter valued at about $29,000. Massmutual Trust Co. FSB ADV increased its position in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company's stock worth $31,000 after buying an additional 142 shares during the last quarter. UMB Bank n.a. raised its stake 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 valued at $42,000 after buying an additional 207 shares during the period. Allspring Global Investments Holdings LLC lifted 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 buying an additional 223 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Toll Brothers by 111.4% in the 3rd quarter. Blue Trust Inc. now owns 353 shares of the construction company's stock worth $55,000 after acquiring an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Oppenheimer increased their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. Royal Bank of Canada boosted their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. Seaport Res Ptn lowered Toll Brothers from a "hold" rating to a "strong sell" rating in a report on Sunday, August 4th. Barclays boosted their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company lifted their target price on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and an average target price of $148.87.

Toll Brothers Trading Down 1.5 %

Shares of TOL traded down $2.24 during mid-day trading on Wednesday, reaching $151.34. The company's stock had a trading volume of 2,504,627 shares, compared to its average volume of 1,373,532. Toll Brothers, Inc. has a 52 week low of $78.32 and a 52 week high of $160.12. The stock has a market cap of $15.28 billion, a PE ratio of 10.43, a P/E/G ratio of 1.10 and a beta of 1.68. The company's fifty day moving average price is $149.17 and its two-hundred day moving average price is $133.44. 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 (NYSE:TOL - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.73 earnings per share. On average, analysts predict that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend 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 Activity

In related 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 transaction, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following 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 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of Toll Brothers stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. The trade was a 0.00 % 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. Insiders own 1.54% of the company's stock.

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.