Toll Brothers, Inc. (NYSE:TOL) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 29.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 253,346 shares of the construction company’s stock after selling 106,466 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of Toll Brothers worth $39,139,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in Toll Brothers during the third quarter worth $27,000. Brooklyn Investment Group purchased a new position in shares of Toll Brothers in the third quarter valued at $27,000. Larson Financial Group LLC raised its stake in shares of Toll Brothers by 57.9% during the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after buying an additional 66 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Toll Brothers in the 2nd quarter worth about $29,000. Finally, Massmutual Trust Co. FSB ADV grew 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 valued at $31,000 after acquiring an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on TOL shares. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Barclays upped their target price on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Wedbush restated an “outperform” rating and issued a $175.00 price objective on shares of Toll Brothers in a research report on Monday. Finally, 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 research note on Thursday, September 19th. Two 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $148.87.

Toll Brothers Trading Down 1.0 %

Shares of TOL stock opened at $162.30 on Wednesday. Toll Brothers, Inc. has a 1-year low of $86.38 and a 1-year high of $169.52. The firm’s 50-day simple moving average is $153.90 and its 200-day simple moving average is $138.05. The firm has a market cap of $16.39 billion, a P/E ratio of 11.19, a PEG ratio of 1.23 and a beta of 1.69. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.57%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the transaction, the chief executive officer now directly owns 246,382 shares in the company, valued at $38,068,482.82. This trade represents a 16.87 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the sale, the director now owns 9,944 shares of the company’s stock, valued at $1,502,538.40. The trade was a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock valued at $16,435,800 in the last ninety days. Company insiders own 1.54% of the company’s stock.

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.