Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. reduced its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,711 shares of the construction company’s stock after selling 92 shares during the period. Meeder Asset Management Inc.’s holdings in Toll Brothers were worth $573,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TOL. Pacer Advisors Inc. boosted its position in Toll Brothers by 34.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after buying an additional 541,140 shares during the period. Point72 Asset Management L.P. raised its position in Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after purchasing an additional 431,160 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Toll Brothers during the third quarter worth approximately $38,985,000. Anchor Capital Advisors LLC acquired a new stake in Toll Brothers in the second quarter valued at approximately $17,740,000. Finally, Marsico Capital Management LLC lifted its stake in Toll Brothers by 24.5% in the second quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock worth $86,983,000 after acquiring an additional 148,562 shares during the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Bank of America raised their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Finally, Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $148.00 to $175.00 in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $148.87.

Insider Activity

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 20.18 % 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. Also, CFO Martin P. Connor sold 5,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. This trade represents a 33.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,257 shares of company stock worth $32,602,152 in the last 90 days. 1.54% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Down 0.4 %

TOL stock opened at $151.83 on Wednesday. Toll Brothers, Inc. has a one year low of $84.40 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 company has a fifty day moving average of $151.27 and a 200-day moving average of $135.51. The stock has a market capitalization of $15.33 billion, a PE ratio of 10.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68.

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

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 paid a dividend of $0.23 per share. The ex-dividend date was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.61%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

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.