Trust Point Inc. Invests $273,000 in Toll Brothers, Inc. (NYSE:TOL)

Trust Point Inc. bought a new stake in Toll Brothers, Inc. (NYSE:TOL) in the third quarter, Holdings Channel.com reports. The firm bought 1,765 shares of the construction company’s stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TOL. Wellington Management Group LLP lifted its stake in Toll Brothers by 198.3% in the 4th quarter. Wellington Management Group LLP now owns 180,005 shares of the construction company’s stock worth $18,503,000 after purchasing an additional 119,652 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Toll Brothers by 13.8% during the first quarter. GAMMA Investing LLC now owns 873 shares of the construction company’s stock worth $113,000 after purchasing an additional 106 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Toll Brothers in the first quarter valued at approximately $226,000. Contravisory Investment Management Inc. purchased a new stake in Toll Brothers during the 1st quarter worth approximately $34,000. Finally, Ballentine Partners LLC acquired a new stake in Toll Brothers during the 1st quarter worth approximately $221,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction dated 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 $51,087,881.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 216,257 shares of company stock valued at $32,602,152. Insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 1.9 %

TOL opened at $159.58 on Friday. Toll Brothers, Inc. has a one year low of $68.08 and a one year high of $160.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The stock has a market capitalization of $16.38 billion, a P/E ratio of 10.90, a price-to-earnings-growth ratio of 1.24 and a beta of 1.66. The business’s 50-day simple moving average is $145.79 and its 200-day simple moving average is $130.73.

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, beating 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 quarter in the previous year, the business earned $3.73 earnings per share. Analysts anticipate that Toll Brothers, Inc. will post 13.51 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be paid a $0.23 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.58%. Toll Brothers’s dividend payout ratio is presently 6.28%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TOL shares. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Oppenheimer lifted their price objective on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Citigroup decreased their price target on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. Finally, Wedbush increased their price objective on shares of Toll Brothers from $120.00 to $148.00 and gave the company a “neutral” rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus target price of $147.07.

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.