Toll Brothers, Inc. (NYSE:TOL) Shares Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. grew its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 76.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,165 shares of the construction company’s stock after purchasing an additional 3,969 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Toll Brothers were worth $1,416,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TOL. Verition Fund Management LLC boosted its position in shares of Toll Brothers by 135.0% in the third quarter. Verition Fund Management LLC now owns 121,357 shares of the construction company’s stock worth $18,748,000 after acquiring an additional 69,710 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Toll Brothers by 5.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,298 shares of the construction company’s stock worth $3,754,000 after acquiring an additional 1,347 shares during the last quarter. De Lisle Partners LLP boosted its position in shares of Toll Brothers by 10.0% in the third quarter. De Lisle Partners LLP now owns 22,000 shares of the construction company’s stock worth $3,398,000 after acquiring an additional 2,000 shares during the last quarter. Brightline Capital Management LLC acquired a new stake in shares of Toll Brothers in the third quarter worth approximately $15,912,000. Finally, CreativeOne Wealth LLC boosted its position in shares of Toll Brothers by 26.1% in the third quarter. CreativeOne Wealth LLC now owns 4,159 shares of the construction company’s stock worth $642,000 after acquiring an additional 860 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total transaction of $777,200.00. Following the completion of the sale, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the sale, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at $38,068,482.82. The trade was a 16.87 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,000 shares of company stock valued at $16,435,800. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Trading Up 0.3 %

TOL opened at $165.17 on Monday. The firm has a market capitalization of $16.68 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.24 and a beta of 1.68. The firm’s 50 day moving average is $153.52 and its 200-day moving average is $137.60. Toll Brothers, Inc. has a 52-week low of $84.66 and a 52-week high of $169.52. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Friday, October 11th. Toll Brothers’s payout ratio is currently 6.34%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TOL shares. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Oppenheimer raised their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Finally, Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and raised their price target for the company from $148.00 to $175.00 in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus 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.