53,068 Shares in Toll Brothers, Inc. (NYSE:TOL) Acquired by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,068 shares of the construction company's stock, valued at approximately $8,198,000. Toll Brothers comprises 1.7% of MinichMacGregor Wealth Management LLC's portfolio, making the stock its 29th biggest holding. MinichMacGregor Wealth Management LLC owned 0.05% of Toll Brothers at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. First Trust Direct Indexing L.P. grew its holdings in Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock valued at $786,000 after buying an additional 72 shares in the last quarter. Fifth Third Bancorp increased its holdings in Toll Brothers by 11.2% in the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company's stock valued at $94,000 after acquiring an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in Toll Brothers by 3.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company's stock worth $363,000 after purchasing an additional 83 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its holdings in shares of Toll Brothers by 5.1% in the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company's stock worth $212,000 after purchasing an additional 89 shares during the last quarter. Finally, J.Safra Asset Management Corp boosted its stake in Toll Brothers by 21.5% during the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company's stock valued at $59,000 after buying an additional 90 shares during the last quarter. Institutional investors own 91.76% of the company's stock.

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company's stock in a transaction 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 transaction, 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 document filed with the SEC, which is available at this hyperlink. In other Toll Brothers 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 transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. This 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 at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business'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 transaction of $3,955,750.00. Following 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 disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock worth $32,602,152 in the last quarter. Company insiders own 1.54% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on TOL shares. Seaport Res Ptn lowered shares of Toll Brothers from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 4th. Wells Fargo & Company lifted their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Wedbush upgraded shares of Toll Brothers from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $148.00 to $175.00 in a report on Friday, October 25th. Oppenheimer boosted their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $142.00 target price on shares of Toll Brothers in a research report on Wednesday, August 21st. Two research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $148.87.

Toll Brothers Stock Performance

Shares of NYSE:TOL traded up $4.75 during trading on Tuesday, hitting $152.55. 429,934 shares of the stock traded hands, compared to its average volume of 1,366,362. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The company has a fifty day moving average price of $148.79 and a two-hundred day moving average price of $133.02. Toll Brothers, Inc. has a 52-week low of $78.32 and a 52-week high of $160.12. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 1.09 and a beta of 1.68.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the firm posted $3.73 EPS. The business's revenue was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. The ex-dividend date was Friday, October 11th. Toll Brothers's dividend payout ratio is currently 6.34%.

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.