Toll Brothers, Inc. (NYSE:TOL) Stock Holdings Trimmed by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC decreased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,350 shares of the construction company’s stock after selling 117 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Toll Brothers were worth $363,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Shariaportfolio Inc. bought a new position in Toll Brothers in the 3rd quarter valued at about $2,262,000. Allspring Global Investments Holdings LLC increased its stake in shares of Toll Brothers by 74.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 582 shares of the construction company’s stock valued at $90,000 after acquiring an additional 249 shares during the period. Vest Financial LLC raised its holdings in Toll Brothers by 3.3% during the third quarter. Vest Financial LLC now owns 9,869 shares of the construction company’s stock worth $1,525,000 after purchasing an additional 319 shares in the last quarter. OLD National Bancorp IN acquired a new stake in Toll Brothers in the third quarter worth approximately $207,000. Finally, Raymond James & Associates boosted its stake in Toll Brothers by 21.4% during the 3rd quarter. Raymond James & Associates now owns 275,863 shares of the construction company’s stock valued at $42,618,000 after purchasing an additional 48,587 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the 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 transaction, the chief executive officer now owns 346,382 shares in the company, valued at approximately $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 SEC, which is accessible through this link. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $153.05, for a total value of $3,826,250.00. Following the completion of the sale, the chief executive officer now directly owns 296,382 shares of the company’s stock, valued at $45,361,265.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 216,257 shares of company stock worth $32,602,152 in the last three months. 1.54% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. 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 research report on Friday. Bank of America boosted their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Oppenheimer raised their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Company increased their price objective 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 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Price Performance

NYSE TOL opened at $149.05 on Friday. The company has a 50 day simple moving average of $147.92 and a 200-day simple moving average of $131.56. Toll Brothers, Inc. has a 52-week low of $68.17 and a 52-week high of $160.12. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.66. 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) last issued its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business posted $3.73 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts predict that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

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.