Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Leuthold Group LLC

Leuthold Group LLC reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 5.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,293 shares of the construction company's stock after selling 4,187 shares during the period. Toll Brothers makes up about 1.2% of Leuthold Group LLC's holdings, making the stock its 22nd largest position. Leuthold Group LLC owned about 0.07% of Toll Brothers worth $11,169,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Register Financial Advisors LLC purchased a new stake in shares of Toll Brothers in the 1st quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Toll Brothers in the 2nd quarter worth about $29,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Toll Brothers by 114.5% in the 2nd 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 in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company's stock worth $38,000 after buying an additional 223 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after buying an additional 207 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TOL. Wedbush raised shares of Toll Brothers from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $148.00 to $175.00 in a research note on Friday. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. StockNews.com downgraded shares of Toll Brothers from a "buy" rating to a "hold" rating in a research note on Wednesday, September 11th. Evercore ISI upped their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the company an "outperform" rating in a research note on Monday, July 15th. Finally, Seaport Res Ptn downgraded shares of Toll Brothers from a "hold" rating to a "strong sell" rating in a research note on Sunday, August 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $148.87.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares of the company's stock, valued at $35,029,273.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares of the company's stock, valued at approximately $35,029,273.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 216,257 shares of company stock worth $32,602,152. 1.54% of the stock is currently owned by insiders.

Toll Brothers Stock Up 1.1 %

NYSE TOL traded up $1.69 on Monday, reaching $150.71. The company had a trading volume of 646,015 shares, compared to its average volume of 1,377,079. The firm has a market capitalization of $15.47 billion, a PE ratio of 10.23, a P/E/G ratio of 1.20 and a beta of 1.66. Toll Brothers, Inc. has a 1 year low of $68.33 and a 1 year high of $160.12. The firm has a 50-day moving average of $147.92 and a 200-day moving average of $131.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS 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 analysts' expectations of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business's revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.73 EPS. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, October 11th. Toll Brothers's dividend payout ratio (DPR) is currently 6.28%.

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.