Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,056,064 shares of the construction company's stock after selling 80,178 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.04% of Toll Brothers worth $317,641,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Foundry Partners LLC purchased a new stake in Toll Brothers in the 3rd quarter valued at $210,000. Intech Investment Management LLC raised its position in Toll Brothers by 27.0% during the 3rd quarter. Intech Investment Management LLC now owns 24,085 shares of the construction company's stock worth $3,721,000 after buying an additional 5,119 shares during the last quarter. Moors & Cabot Inc. raised its position in Toll Brothers by 22.9% during the 3rd quarter. Moors & Cabot Inc. now owns 2,334 shares of the construction company's stock worth $363,000 after buying an additional 435 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in Toll Brothers during the 3rd quarter worth $261,000. Finally, Jennison Associates LLC raised its position in Toll Brothers by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company's stock worth $136,614,000 after buying an additional 229,603 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on TOL shares. StockNews.com cut shares of Toll Brothers from a "buy" rating to a "hold" rating in a research note on Wednesday, September 11th. Bank of America upped their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Wedbush raised shares of Toll Brothers from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $148.00 to $175.00 in a research note on Friday, October 25th. Wells Fargo & Company upped their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Finally, Barclays increased their price objective 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $148.87.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the transaction, the chief executive officer now owns 296,382 shares in the company, valued at approximately $45,361,265.10. This trade represents a 7.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the transaction, the director now owns 9,944 shares in the company, valued at $1,502,538.40. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,673 shares of company stock worth $19,684,387 in the last three months. Company insiders own 1.54% of the company's stock.

Toll Brothers Trading Up 3.4 %

Shares of Toll Brothers stock traded up $5.23 during mid-day trading on Friday, hitting $157.59. 1,219,334 shares of the stock were exchanged, compared to its average volume of 1,351,988. Toll Brothers, Inc. has a twelve month low of $84.40 and a twelve month high of $160.12. The stock has a market capitalization of $15.91 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68. The company has a 50-day simple moving average of $151.91 and a 200 day simple moving average of $135.94. 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 released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the company earned $3.73 EPS. Research analysts forecast that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued 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 dividend yield of 0.58%. Toll Brothers's payout ratio is currently 6.34%.

Toll Brothers 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.