Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. reduced its position in Toll Brothers, Inc. (NYSE:TOL) by 8.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 88,906 shares of the construction company’s stock after selling 8,544 shares during the period. Toll Brothers comprises 1.9% of Navellier & Associates Inc.’s holdings, making the stock its 9th largest position. Navellier & Associates Inc.’s holdings in Toll Brothers were worth $13,735,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. First Trust Direct Indexing L.P. lifted its position in Toll Brothers by 1.4% during the third quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock worth $786,000 after acquiring an additional 72 shares during the last quarter. Fifth Third Bancorp lifted its position in Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after acquiring an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after buying an additional 83 shares in the last quarter. Clifford Swan Investment Counsel LLC raised its position in shares of Toll Brothers by 5.1% in the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after buying an additional 89 shares in the last quarter. Finally, J.Safra Asset Management Corp raised its position in shares of Toll Brothers by 21.5% in the second quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock valued at $59,000 after buying an additional 90 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Toll Brothers

In other news, CFO Martin P. Connor sold 22,673 shares of the business’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 completion of the sale, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The trade was a 60.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the sale, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. The trade was a 10.15 % 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 quarter. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $150.81 on Thursday. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a twelve month low of $84.40 and a twelve month high of $160.12. The stock has a market cap of $15.23 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 1.14 and a beta of 1.68. The company’s fifty day moving average is $151.76 and its 200 day moving average is $135.82.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping 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 company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the previous year, the firm posted $3.73 earnings per share. Toll Brothers’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Dividend Announcement

The company 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. The ex-dividend date was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.61%. Toll Brothers’s payout ratio is 6.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TOL shares. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Royal Bank of Canada lifted their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Oppenheimer lifted their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Barclays lifted their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Finally, Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average target price of $148.87.

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.