Van ECK Associates Corp Raises Stake in Toll Brothers, Inc. (NYSE:TOL)

Van ECK Associates Corp lifted its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 40.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 63,589 shares of the construction company’s stock after acquiring an additional 18,169 shares during the period. Van ECK Associates Corp owned 0.06% of Toll Brothers worth $9,344,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of TOL. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Toll Brothers during the second quarter worth about $29,000. Massmutual Trust Co. FSB ADV raised its position in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after buying an additional 142 shares during the period. Allspring Global Investments Holdings LLC lifted 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 during the last quarter. UMB Bank n.a. lifted its holdings in Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after acquiring an additional 207 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in Toll Brothers during the second quarter worth $44,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TOL. Barclays increased their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Bank of America increased their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $148.00 to $175.00 in a research note on Friday, October 25th. Wells Fargo & Company upped their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada lifted their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $148.87.

Toll Brothers Price Performance

TOL stock opened at $151.34 on Thursday. Toll Brothers, Inc. has a 1 year low of $78.32 and a 1 year high of $160.12. The firm has a market capitalization of $15.28 billion, a P/E ratio of 10.43, a P/E/G ratio of 1.10 and a beta of 1.68. 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 business’s 50-day moving average is $149.17 and its two-hundred day moving average is $133.44.

Toll Brothers (NYSE:TOL) last issued 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 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 the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm earned $3.73 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. Analysts anticipate that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Insider Buying and Selling at Toll Brothers

In other news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction dated 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 approximately $2,109,224.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the transaction, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the sale, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock worth $32,602,152 over the last ninety days. Corporate 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.