AIA Group Ltd Increases Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

AIA Group Ltd grew its stake in Toll Brothers, Inc. (NYSE:TOL) by 21.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 15,644 shares of the construction company’s stock after purchasing an additional 2,744 shares during the period. AIA Group Ltd’s holdings in Toll Brothers were worth $2,417,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Toll Brothers in the second quarter valued at $29,000. Massmutual Trust Co. FSB ADV grew its stake in Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after buying an additional 223 shares during the last quarter. UMB Bank n.a. lifted its stake in Toll Brothers by 323.4% in the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after buying an additional 207 shares during the last quarter. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of Toll Brothers in the second quarter valued at approximately $44,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Trading Up 2.4 %

Shares of TOL stock opened at $157.57 on Friday. The business’s fifty day moving average price is $149.67 and its 200 day moving average price is $133.89. The firm has a market capitalization of $15.91 billion, a PE ratio of 10.86, a P/E/G ratio of 1.13 and a beta of 1.68. 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, Inc. has a 1-year low of $78.32 and a 1-year high of $160.12.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the company posted $3.73 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, sell-side analysts forecast that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Announces Dividend

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. 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 0.58%. Toll Brothers’s payout ratio is 6.34%.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent research reports. Barclays lifted their target price 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. Oppenheimer lifted their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company increased their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Royal Bank of Canada raised their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Wedbush raised Toll Brothers from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $148.00 to $175.00 in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $148.87.

Insider Transactions at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction on Friday, August 23rd. The stock was 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 of the company’s stock, valued at approximately $51,087,881.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction that occurred on 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 of the company’s stock, 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. Insiders have sold 216,257 shares of company stock valued at $32,602,152 in the last quarter. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Company 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.