MML Investors Services LLC Boosts Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

MML Investors Services LLC lifted its holdings in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 22.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,005 shares of the construction company's stock after acquiring an additional 4,209 shares during the quarter. MML Investors Services LLC's holdings in Toll Brothers were worth $3,554,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new stake in Toll Brothers in the 2nd quarter worth approximately $216,000. Envestnet Portfolio Solutions Inc. purchased a new position in Toll Brothers in the second quarter valued at $274,000. Brookstone Capital Management raised its position in shares of Toll Brothers by 15.4% in the second quarter. Brookstone Capital Management now owns 2,001 shares of the construction company's stock worth $230,000 after acquiring an additional 267 shares during the period. Raymond James & Associates boosted its stake in shares of Toll Brothers by 7.7% during the 2nd quarter. Raymond James & Associates now owns 227,276 shares of the construction company's stock worth $26,178,000 after acquiring an additional 16,198 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in shares of Toll Brothers by 73.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 43,981 shares of the construction company's stock valued at $5,066,000 after acquiring an additional 18,682 shares during the period. Hedge funds and other institutional investors own 91.76% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on TOL. Bank of America upped their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research note on Thursday, September 19th. Wedbush reaffirmed an "outperform" rating and issued a $175.00 price target on shares of Toll Brothers in a research note on Wednesday. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $150.00 price objective (down from $166.00) on shares of Toll Brothers in a research note on Friday. Oppenheimer restated an "outperform" rating and issued a $189.00 target price on shares of Toll Brothers in a research report on Thursday. Finally, Evercore ISI lifted their price target on Toll Brothers from $181.00 to $184.00 and gave the stock an "outperform" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $152.53.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares of the company's stock, valued at $35,029,273.86. The trade was a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin P. Connor sold 5,000 shares of the firm's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $155.44, for a total value of $777,200.00. Following the transaction, the chief financial officer now owns 9,721 shares of the company's stock, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,000 shares of company stock valued at $16,435,800 over the last 90 days. 1.54% of the stock is owned by insiders.

Toll Brothers Trading Down 3.3 %

NYSE:TOL traded down $4.61 on Friday, hitting $133.85. The stock had a trading volume of 2,505,619 shares, compared to its average volume of 1,329,948. The company has a fifty day moving average price of $153.08 and a two-hundred day moving average price of $139.29. Toll Brothers, Inc. has a 1-year low of $95.46 and a 1-year high of $169.52. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. The stock has a market cap of $13.51 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.00 and a beta of 1.69.

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

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be issued a $0.23 dividend. The ex-dividend date is Friday, January 10th. This represents a $0.92 annualized dividend and a yield of 0.69%. Toll Brothers's dividend payout ratio (DPR) is currently 6.12%.

About Toll Brothers

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.