Janney Montgomery Scott LLC Has $21.26 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Janney Montgomery Scott LLC lifted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 137,622 shares of the construction company’s stock after purchasing an additional 2,264 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Toll Brothers were worth $21,261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in Toll Brothers in the second quarter valued at approximately $29,000. Massmutual Trust Co. FSB ADV boosted its stake in Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares during the period. UMB Bank n.a. increased its holdings in Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 223 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Toll Brothers by 111.4% in the third quarter. Blue Trust Inc. now owns 353 shares of the construction company’s stock valued at $55,000 after purchasing an additional 186 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. 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 boosted their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Evercore ISI raised their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Finally, Wells Fargo & Company lifted their target price on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $148.87.

Toll Brothers Price Performance

NYSE:TOL opened at $153.58 on Wednesday. The firm’s fifty day moving average price is $148.99 and its two-hundred day moving average price is $133.31. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The company has a market cap of $15.51 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.09 and a beta of 1.68. Toll Brothers, Inc. has a one year low of $78.32 and a one year high of $160.12.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the firm earned $3.73 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Equities analysts expect that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio is 6.34%.

Insiders Place Their Bets

In other news, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were 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 owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’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 transaction of $12,917,764.16. Following 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were 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 owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,257 shares of company stock worth $32,602,152 in the last 90 days. Company 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.