Robeco Institutional Asset Management B.V. Decreases Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Robeco Institutional Asset Management B.V. lowered its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 49.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 129,667 shares of the construction company's stock after selling 124,517 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.13% of Toll Brothers worth $20,032,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers in the 2nd quarter valued at $29,000. Massmutual Trust Co. FSB ADV increased its position in Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company's stock worth $31,000 after purchasing an additional 142 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock worth $42,000 after buying an additional 207 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake 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 valued at $38,000 after acquiring an additional 223 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Toll Brothers by 111.4% in the 3rd quarter. Blue Trust Inc. now owns 353 shares of the construction company's stock worth $55,000 after purchasing an additional 186 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Price Performance

Toll Brothers stock traded up $2.61 during midday trading on Thursday, reaching $153.95. 677,472 shares of the stock traded hands, compared to its average volume of 1,370,321. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 12 month low of $78.32 and a 12 month high of $160.12. The stock's fifty day moving average is $149.17 and its 200-day moving average is $133.44. The stock has a market cap of $15.54 billion, a P/E ratio of 10.43, a PEG ratio of 1.10 and a beta of 1.68.

Toll Brothers (NYSE:TOL - Get Free Report) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts' consensus estimates of $3.31 by $0.29. The firm 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%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.73 EPS. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders 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 annualized dividend and a dividend yield of 0.60%. Toll Brothers's dividend payout ratio (DPR) is 6.34%.

Insider Activity

In other Toll Brothers news, 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 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the company's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,257 shares of company stock valued at $32,602,152. 1.54% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TOL shares. StockNews.com downgraded shares of Toll Brothers from a "buy" rating to a "hold" rating in a research note on Wednesday, September 11th. Oppenheimer raised their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the company an "outperform" rating in a research note on Wednesday, October 2nd. Royal Bank of Canada raised their price objective on Toll Brothers from $130.00 to $143.00 and gave the company an "outperform" rating in a research note on Thursday, August 22nd. Wedbush raised Toll Brothers from a "neutral" rating to an "outperform" rating and upped their target price for the company from $148.00 to $175.00 in a report on Friday, October 25th. Finally, Barclays upped their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an "underweight" rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, three have issued 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 presently has a consensus rating of "Moderate Buy" and an average target price 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.