Toll Brothers, Inc. (NYSE:TOL) Shares Acquired by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 76.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,165 shares of the construction company's stock after buying an additional 3,969 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in Toll Brothers were worth $1,416,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Larson Financial Group LLC increased its stake in Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock worth $28,000 after buying an additional 66 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company's stock valued at $786,000 after acquiring an additional 72 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Toll Brothers by 11.2% in the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company's stock valued at $94,000 after purchasing an additional 82 shares during the period. First Citizens Bank & Trust Co. grew its stake in Toll Brothers by 3.7% in the third 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. Finally, Clifford Swan Investment Counsel LLC increased its holdings in Toll Brothers by 5.1% during the 2nd 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 period. Institutional investors own 91.76% of the company's stock.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the completion of the transaction, the chief executive officer now directly owns 246,382 shares in the company, valued at $38,068,482.82. The trade was a 16.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 5,000 shares of the company's stock in a transaction on Friday, September 27th. The shares were sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at approximately $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,000 shares of company stock worth $16,435,800. 1.54% of the stock is currently owned by insiders.

Toll Brothers Stock Performance

Shares of NYSE TOL traded down $0.30 during midday trading on Monday, reaching $164.87. The company had a trading volume of 288,419 shares, compared to its average volume of 1,344,817. Toll Brothers, Inc. has a 1 year low of $86.38 and a 1 year high of $169.52. The business's 50-day simple moving average is $153.52 and its 200 day simple moving average is $137.60. 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 stock has a market cap of $16.65 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.24 and a beta of 1.68.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. Toll Brothers's dividend payout ratio is currently 6.34%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TOL. Wells Fargo & Company upped their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an "overweight" rating in a report on Friday, September 27th. Seaport Res Ptn lowered shares of Toll Brothers from a "hold" rating to a "strong sell" rating in a report on Sunday, August 4th. Wedbush upgraded shares of Toll Brothers from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $148.00 to $175.00 in a research note on Friday, October 25th. StockNews.com downgraded shares of Toll Brothers from a "buy" rating to a "hold" rating in a research note on Wednesday, September 11th. Finally, Oppenheimer lifted their price target on Toll Brothers from $168.00 to $189.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average 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.