Eagle Asset Management Inc. Has $10.04 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Eagle Asset Management Inc. boosted its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 3.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 63,688 shares of the construction company’s stock after purchasing an additional 2,050 shares during the period. Eagle Asset Management Inc. owned about 0.06% of Toll Brothers worth $10,037,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Foundry Partners LLC bought a new position in shares of Toll Brothers during the 3rd quarter worth approximately $210,000. Intech Investment Management LLC grew its position in Toll Brothers by 27.0% in the third quarter. Intech Investment Management LLC now owns 24,085 shares of the construction company’s stock valued at $3,721,000 after acquiring an additional 5,119 shares during the period. Moors & Cabot Inc. lifted its holdings in shares of Toll Brothers by 22.9% during the third quarter. Moors & Cabot Inc. now owns 2,334 shares of the construction company’s stock valued at $363,000 after acquiring an additional 435 shares during the period. Darwin Wealth Management LLC acquired a new stake in shares of Toll Brothers in the 3rd quarter valued at $261,000. Finally, Jennison Associates LLC boosted its stake in shares of Toll Brothers by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after purchasing an additional 229,603 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the transaction, the chief financial officer now owns 9,721 shares in the company, valued at approximately $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value 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 approximately $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,673 shares of company stock valued at $19,684,387. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 3.4 %

Shares of NYSE TOL opened at $157.59 on Friday. Toll Brothers, Inc. has a 1 year low of $84.40 and a 1 year high of $160.12. The firm’s 50-day moving average is $152.07 and its 200-day moving average is $136.15. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $15.91 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68.

Toll Brothers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid 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 yield of 0.58%. Toll Brothers’s payout ratio is presently 6.34%.

Analysts Set New Price Targets

TOL has been the subject of several analyst reports. Barclays lifted their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Royal Bank of Canada boosted their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Wedbush upgraded Toll Brothers from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $148.00 to $175.00 in a research report on Friday, October 25th. Finally, StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Two investment 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.