Toll Brothers, Inc. (NYSE:TOL) Stake Reduced by Pathstone Holdings LLC

Pathstone Holdings LLC trimmed its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 6.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,609 shares of the construction company's stock after selling 8,158 shares during the quarter. Pathstone Holdings LLC owned 0.12% of Toll Brothers worth $18,015,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Toll Brothers during the 3rd quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toll Brothers during the second quarter worth about $29,000. Massmutual Trust Co. FSB ADV increased its holdings in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company's stock valued at $31,000 after buying an additional 142 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Toll Brothers by 202.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company's stock worth $38,000 after acquiring an additional 223 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after acquiring an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 91.76% of the company's stock.

Insider Activity

In related news, Director John A. Mclean sold 1,000 shares of the business'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 sale, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. The trade was a 9.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company'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 transaction, the chief executive officer now directly owns 346,382 shares of the company's stock, valued at approximately $51,087,881.18. This represents a 20.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,257 shares of company stock worth $32,602,152 over the last three months. Insiders own 1.54% of the company's stock.

Toll Brothers Trading Up 0.1 %

NYSE TOL traded up $0.22 during trading on Wednesday, hitting $151.96. 720,765 shares of the company's stock traded hands, compared to its average volume of 1,354,465. Toll Brothers, Inc. has a 12-month low of $84.40 and a 12-month high of $160.12. The firm has a market cap of $15.34 billion, a P/E ratio of 10.46, a PEG ratio of 1.14 and a beta of 1.68. The stock has a fifty day moving average of $151.51 and a two-hundred day moving average of $135.71. 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 announced its quarterly 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. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. Toll Brothers's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.73 EPS. As a group, sell-side analysts expect that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers's dividend payout ratio (DPR) is presently 6.34%.

Wall Street Analyst Weigh In

TOL has been the topic of several research analyst reports. Keefe, Bruyette & Woods reissued an "outperform" rating and set a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Wedbush raised Toll Brothers from a "neutral" rating to an "outperform" rating and upped their price target for the company from $148.00 to $175.00 in a research note on Friday, October 25th. Wells Fargo & Company raised their price target on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Barclays lifted their target price on Toll Brothers from $116.00 to $135.00 and gave the company an "underweight" rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada boosted their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an "outperform" rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus 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.