Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. decreased its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 83.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,016 shares of the construction company's stock after selling 10,213 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Toll Brothers were worth $311,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TOL. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers in the 1st quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toll Brothers in the second quarter worth about $29,000. Massmutual Trust Co. FSB ADV raised its position in shares of 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 acquiring an additional 142 shares during the period. Allspring Global Investments Holdings LLC raised 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 worth $38,000 after purchasing an additional 223 shares during the last quarter. Finally, UMB Bank n.a. raised its position in shares of Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after purchasing an additional 207 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Stock Down 1.1 %

Shares of NYSE TOL traded down $1.66 during mid-day trading on Friday, reaching $149.05. The company had a trading volume of 868,639 shares, compared to its average volume of 1,380,607. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The firm has a 50 day simple moving average of $147.52 and a two-hundred day simple moving average of $131.39. The stock has a market cap of $15.30 billion, a P/E ratio of 10.29, a PEG ratio of 1.19 and a beta of 1.66. Toll Brothers, Inc. has a 52-week low of $68.17 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 (EPS) 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 company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the firm posted $3.73 EPS. Toll Brothers's revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts predict that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 0.62%. The ex-dividend date is Friday, October 11th. Toll Brothers's payout ratio is currently 6.28%.

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction dated 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 sale, the chief executive officer now owns 346,382 shares of the company's stock, valued at $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director John A. Mclean sold 1,000 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm's stock in a transaction dated 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 completion of the sale, the chief executive officer now 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 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 quarter. Corporate insiders own 1.54% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TOL. Citigroup dropped their price objective on shares of Toll Brothers from $133.00 to $125.00 and set a "neutral" rating for the company in a research note on Tuesday, July 2nd. Wedbush raised shares of Toll Brothers from a "neutral" rating to an "outperform" rating and increased their price target for the company from $148.00 to $175.00 in a research note on Friday. Seaport Res Ptn lowered shares of Toll Brothers from a "hold" rating to a "strong sell" rating in a report on Sunday, August 4th. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $142.00 target price on shares of Toll Brothers in a report on Wednesday, August 21st. Finally, Evercore ISI increased their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an "outperform" rating in a report on Monday, July 15th. 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. Based on data from MarketBeat, Toll Brothers presently has an average rating of "Moderate Buy" and an average 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.