United Capital Management of KS Inc. Purchases Shares of 34,582 Toll Brothers, Inc. (NYSE:TOL)

United Capital Management of KS Inc. bought a new position in shares of Toll Brothers, Inc. (NYSE:TOL - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 34,582 shares of the construction company's stock, valued at approximately $5,343,000.

Several other hedge funds have also modified their holdings of the stock. GDS Wealth Management acquired a new stake in Toll Brothers during the 3rd quarter worth about $482,000. Chartwell Investment Partners LLC raised its holdings in shares of Toll Brothers by 66.5% during the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company's stock valued at $5,453,000 after acquiring an additional 14,092 shares during the period. Patten & Patten Inc. TN purchased a new stake in shares of Toll Brothers in the 3rd quarter valued at approximately $208,000. Covestor Ltd boosted its stake in Toll Brothers by 40.9% in the 3rd quarter. Covestor Ltd now owns 475 shares of the construction company's stock worth $74,000 after purchasing an additional 138 shares during the period. Finally, Atria Investments Inc grew its position in Toll Brothers by 22.2% during the 3rd quarter. Atria Investments Inc now owns 2,569 shares of the construction company's stock worth $397,000 after purchasing an additional 466 shares in the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 221,382 shares of the company's stock, valued at $35,029,273.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, 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 owns 346,382 shares in the company, valued at $51,087,881.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. 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 quarter, insiders have sold 216,257 shares of company stock valued at $32,602,152. 1.54% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on TOL. Bank of America raised their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Wedbush upgraded Toll Brothers from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. Wells Fargo & Company upped their target price on Toll Brothers from $163.00 to $170.00 and gave the company an "overweight" rating in a report on Friday, September 27th. Royal Bank of Canada raised their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, August 22nd. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Toll Brothers presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.87.

Toll Brothers Stock Performance

TOL stock traded up $0.09 during trading on Monday, reaching $157.68. 377,920 shares of the stock were exchanged, compared to its average volume of 1,367,008. The stock has a 50 day simple moving average of $149.67 and a 200-day simple moving average of $134.09. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a twelve month low of $78.88 and a twelve month high of $160.12. The company has a market capitalization of $15.92 billion, a P/E ratio of 10.94, a price-to-earnings-growth ratio of 1.18 and a beta of 1.68.

Toll Brothers (NYSE:TOL - Get Free Report) last announced its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.31 by $0.29. The business had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the company posted $3.73 EPS. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.23 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.58%. Toll Brothers's dividend payout ratio is presently 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.