Wellington Management Group LLP Lowers Position in Toll Brothers, Inc. (NYSE:TOL)

Wellington Management Group LLP decreased its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 93.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,120 shares of the construction company's stock after selling 28,088 shares during the quarter. Wellington Management Group LLP's holdings in Toll Brothers were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers during the third quarter worth about $27,000. Brooklyn Investment Group purchased a new position in Toll Brothers during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC lifted its stake in Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company's stock valued at $28,000 after acquiring an additional 66 shares during the period. UMB Bank n.a. boosted its holdings in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock valued at $42,000 after acquiring an additional 207 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Toll Brothers by 202.7% in 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 period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on TOL shares. Wedbush restated an "outperform" rating and set a $175.00 target price on shares of Toll Brothers in a research report on Wednesday, December 11th. 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 research note on Friday, September 27th. Oppenheimer reaffirmed an "outperform" rating and set a $189.00 target price on shares of Toll Brothers in a report on Thursday, December 12th. Evercore ISI upped their price objective on Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, Keefe, Bruyette & Woods lowered shares of Toll Brothers from an "outperform" rating to a "market perform" rating and cut their target price for the company from $168.00 to $164.00 in a report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $152.53.

Toll Brothers Price Performance

Shares of TOL traded up $1.65 during trading hours on Friday, hitting $125.45. 3,411,253 shares of the stock were exchanged, compared to its average volume of 1,392,754. The stock's 50-day moving average price is $150.89 and its two-hundred day moving average price is $139.60. Toll Brothers, Inc. has a 12-month low of $95.46 and a 12-month high of $169.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. The company has a market cap of $12.67 billion, a price-to-earnings ratio of 8.35, a price-to-earnings-growth ratio of 1.00 and a beta of 1.69.

Toll Brothers (NYSE:TOL - Get Free Report) last released its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.11 earnings per share. Research analysts expect that Toll Brothers, Inc. will post 14.57 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, January 10th. Toll Brothers's dividend payout ratio (DPR) is 6.12%.

Insider Transactions at Toll Brothers

In related news, Director John A. Mclean sold 1,000 shares of the firm's stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul E. Shapiro sold 3,837 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $134.14, for a total transaction of $514,695.18. Following the completion of the transaction, the director now owns 119,937 shares in the company, valued at $16,088,349.18. The trade was a 3.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 84,837 shares of company stock worth $13,124,245 in the last ninety days. Insiders own 1.54% of the company's stock.

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.