Asset Management One Co. Ltd. Sells 6,253 Shares of Toll Brothers, Inc. (NYSE:TOL)

Asset Management One Co. Ltd. reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) by 49.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,300 shares of the construction company's stock after selling 6,253 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Toll Brothers were worth $973,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. TCW Group Inc. raised its position in shares of Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company's stock valued at $8,713,000 after purchasing an additional 16,503 shares during the period. Lazard Asset Management LLC raised its position in shares of Toll Brothers by 38.7% in the first quarter. Lazard Asset Management LLC now owns 194,111 shares of the construction company's stock valued at $25,111,000 after purchasing an additional 54,196 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Toll Brothers by 8.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 145,190 shares of the construction company's stock valued at $18,783,000 after purchasing an additional 10,944 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Toll Brothers by 14.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company's stock valued at $7,319,000 after purchasing an additional 6,998 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Toll Brothers by 62,605.9% in the third quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company's stock valued at $1,647,000 after purchasing an additional 10,643 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director John A. Mclean sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares of the company's stock, valued at $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director John A. Mclean sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company's stock, valued at $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $51,087,881.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 216,257 shares of company stock worth $32,602,152. Insiders own 1.54% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on TOL. Oppenheimer boosted their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the company an "outperform" rating in a report on Wednesday, October 2nd. Wells Fargo & Company boosted their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a research note on Friday, September 27th. Wedbush upgraded shares of Toll Brothers from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $148.00 to $175.00 in a research note on Friday, October 25th. Royal Bank of Canada upped their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, August 22nd. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.87.

Toll Brothers Price Performance

TOL stock traded down $0.22 during midday trading on Monday, reaching $157.37. The company had a trading volume of 858,792 shares, compared to its average volume of 1,369,306. The company has a market capitalization of $15.89 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.68. The stock has a 50 day moving average price of $149.67 and a 200-day moving average price of $134.09. Toll Brothers, Inc. has a 1-year low of $78.88 and a 1-year high of $160.12. 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 released its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating analysts' consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the firm posted $3.73 EPS. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. Equities research analysts expect that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers's payout ratio is currently 6.34%.

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.