KBC Group NV Boosts Holdings in Toll Brothers, Inc. (NYSE:TOL)

KBC Group NV lifted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 18.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,827 shares of the construction company’s stock after purchasing an additional 436 shares during the period. KBC Group NV’s holdings in Toll Brothers were worth $437,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its position in Toll Brothers by 34.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after purchasing an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. increased its stake in shares of Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after buying an additional 431,160 shares during the period. Anchor Capital Advisors LLC acquired a new stake in Toll Brothers in the second quarter valued at approximately $17,740,000. Marsico Capital Management LLC lifted its stake in Toll Brothers by 24.5% in the second quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock worth $86,983,000 after acquiring an additional 148,562 shares during the last quarter. Finally, Interval Partners LP grew its holdings in Toll Brothers by 842.9% during the 1st quarter. Interval Partners LP now owns 147,623 shares of the construction company’s stock worth $19,098,000 after acquiring an additional 131,966 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 Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The trade was a 20.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value 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. The trade was a 60.63 % 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 valued at $32,602,152. 1.54% of the stock is owned by company insiders.

Toll Brothers Price Performance

Shares of TOL opened at $151.83 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers, Inc. has a fifty-two week low of $84.40 and a fifty-two week high of $160.12. The firm has a 50-day simple moving average of $151.27 and a 200-day simple moving average of $135.51. The company has a market capitalization of $15.33 billion, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm earned $3.73 EPS. On average, equities research analysts anticipate that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were given 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 0.61%. Toll Brothers’s dividend payout ratio (DPR) is 6.34%.

Analysts Set New Price Targets

TOL has been the topic of a number of analyst reports. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $148.00 to $175.00 in a report on Friday, October 25th. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Bank of America increased their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research report on Wednesday, August 21st. Finally, Royal Bank of Canada upped their price target on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $148.87.

Toll Brothers Company 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.