Long Run Wealth Advisors LLC lowered its stake in Toll Brothers, Inc. (NYSE:TOL - Free Report) by 12.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 24,496 shares of the construction company's stock after selling 3,402 shares during the quarter. Long Run Wealth Advisors LLC's holdings in Toll Brothers were worth $3,784,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Toll Brothers in the 2nd quarter worth approximately $29,000. Massmutual Trust Co. FSB ADV lifted its stake in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company's stock worth $31,000 after acquiring an additional 142 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Toll Brothers by 202.7% in the second 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 in the last quarter. UMB Bank n.a. increased its position in Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company's stock valued at $42,000 after purchasing an additional 207 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Toll Brothers in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 91.76% of the company's stock.
In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers 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 transaction, the chief executive officer now owns 346,382 shares of the company's stock, valued at $51,087,881.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Martin P. Connor sold 22,673 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the transaction, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. 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 through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 216,257 shares of company stock worth $32,602,152. 1.54% of the stock is currently owned by company insiders.
NYSE:TOL opened at $153.58 on Wednesday. Toll Brothers, Inc. has a 12 month low of $78.32 and a 12 month high of $160.12. The company has a market capitalization of $15.51 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.10 and a beta of 1.68. The business's 50-day moving average is $148.99 and its 200 day moving average is $133.31. 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 (NYSE:TOL - Get Free Report) last posted its quarterly 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. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company earned $3.73 EPS. The business's revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date was Friday, October 11th. Toll Brothers's dividend payout ratio (DPR) is 6.34%.
Several equities analysts recently issued reports on the stock. Royal Bank of Canada increased their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an "outperform" rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods reissued an "outperform" rating and issued a $142.00 target price on shares of Toll Brothers in a research report on Wednesday, August 21st. Oppenheimer upped their price target on Toll Brothers from $168.00 to $189.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 2nd. Seaport Res Ptn downgraded shares of Toll Brothers from a "hold" rating to a "strong sell" rating in a research report on Sunday, August 4th. Finally, Wedbush upgraded Toll Brothers from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $148.00 to $175.00 in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Toll Brothers currently has an average rating of "Moderate Buy" and an average target price of $148.87.
View Our Latest Stock Analysis on TOL
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.
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