Paloma Partners Management Co Invests $890,000 in Toll Brothers, Inc. (NYSE:TOL)

Paloma Partners Management Co bought a new stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,758 shares of the construction company's stock, valued at approximately $890,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Toll Brothers by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company's stock worth $7,319,000 after buying an additional 6,998 shares during the period. Cetera Investment Advisers grew its holdings in shares of Toll Brothers by 957.1% in the 1st quarter. Cetera Investment Advisers now owns 22,664 shares of the construction company's stock worth $2,932,000 after acquiring an additional 20,520 shares during the period. Cetera Advisors LLC purchased a new position in Toll Brothers in the 1st quarter valued at approximately $733,000. GAMMA Investing LLC raised its holdings in Toll Brothers by 23.0% during the second quarter. GAMMA Investing LLC now owns 1,074 shares of the construction company's stock worth $124,000 after purchasing an additional 201 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in Toll Brothers during the second quarter worth $362,000. Institutional investors and hedge funds own 91.76% of the company's stock.

Toll Brothers Trading Down 1.0 %

Toll Brothers stock traded down $1.61 during midday trading on Tuesday, reaching $162.30. The stock had a trading volume of 770,176 shares, compared to its average volume of 1,344,299. The stock has a market capitalization of $16.39 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.23 and a beta of 1.69. 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 stock's 50-day simple moving average is $153.90 and its 200 day simple moving average is $138.05. Toll Brothers, Inc. has a twelve month low of $86.38 and a twelve month high of $169.52.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.57%. Toll Brothers's payout ratio is 6.34%.

Insiders Place Their Bets

In related news, Director John A. Mclean sold 1,000 shares of the company's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the sale, the director now directly owns 9,944 shares of the company's stock, valued at $1,502,538.40. This represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the transaction, the chief executive officer now directly owns 246,382 shares of the company's stock, valued at approximately $38,068,482.82. This represents a 16.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,000 shares of company stock worth $16,435,800 over the last ninety days. 1.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TOL shares. Wells Fargo & Company lifted their price target on Toll Brothers from $163.00 to $170.00 and gave the stock an "overweight" rating in a research note on Friday, September 27th. Royal Bank of Canada upped their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. Oppenheimer raised 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. Barclays upped their target price on Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research note on Thursday, August 22nd. Finally, Wedbush reissued an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a report on Monday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.87.

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.