Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Raymond James & Associates

Raymond James & Associates increased its position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 21.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 275,863 shares of the construction company's stock after buying an additional 48,587 shares during the period. Raymond James & Associates owned 0.27% of Toll Brothers worth $42,618,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its stake in shares of Toll Brothers by 36.4% during the first quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company's stock valued at $4,105,000 after purchasing an additional 8,474 shares during the last quarter. Private Advisor Group LLC raised its stake in shares of Toll Brothers by 46.7% during the 1st quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company's stock worth $3,347,000 after purchasing an additional 8,234 shares in the last quarter. Van ECK Associates Corp lifted its stake in Toll Brothers by 36.5% in the first quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company's stock valued at $5,235,000 after acquiring an additional 10,823 shares during the last quarter. TCW Group Inc. increased its position in Toll Brothers by 27.9% during the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company's stock worth $8,713,000 after buying an additional 16,503 shares during the last quarter. Finally, Lifestyle Asset Management Inc. acquired a new stake in shares of Toll Brothers during the 1st quarter worth about $1,398,000. 91.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value 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 $51,087,881.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company'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 completion of the sale, the chief executive officer now owns 296,382 shares in the company, valued at approximately $45,361,265.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 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.

Toll Brothers Stock Down 0.7 %

TOL stock traded down $1.07 during trading on Wednesday, reaching $146.95. 1,367,974 shares of the company traded hands, compared to its average volume of 1,384,613. The company has a market capitalization of $14.84 billion, a price-to-earnings ratio of 10.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The business has a 50 day simple moving average of $146.69 and a 200 day simple moving average of $131.14. Toll Brothers, Inc. has a 12 month low of $68.08 and a 12 month 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 (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm earned $3.73 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.63%. Toll Brothers's dividend payout ratio (DPR) is 6.34%.

Analyst Ratings Changes

Several research analysts have commented on the company. Oppenheimer boosted their target price on Toll Brothers from $168.00 to $189.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Bank of America upped their price target on Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Seaport Res Ptn downgraded shares of Toll Brothers from a "hold" rating to a "strong sell" rating in a report on Sunday, August 4th. Wells Fargo & Company lifted their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Finally, Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $147.07.

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.