Davis R M Inc. Has $25.11 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Davis R M Inc. decreased its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 6.1% in the 3rd quarter, Holdings Channel reports. The firm owned 162,531 shares of the construction company’s stock after selling 10,509 shares during the quarter. Davis R M Inc.’s holdings in Toll Brothers were worth $25,109,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Toll Brothers during the third quarter worth $27,000. Larson Financial Group LLC raised its position in shares of Toll Brothers by 57.9% in the 3rd quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after acquiring an additional 66 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toll Brothers in the 2nd quarter valued at about $29,000. Massmutual Trust Co. FSB ADV boosted its position in shares of Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Toll Brothers by 202.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares in the company, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,673 shares of company stock worth $19,684,387 in the last quarter. 1.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on TOL shares. Oppenheimer increased their price target on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research note on Wednesday, August 21st. Wells Fargo & Company increased their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Finally, Barclays boosted their target price on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.87.

Toll Brothers Stock Up 3.4 %

Shares of NYSE:TOL opened at $157.59 on Monday. The business’s 50 day moving average is $152.07 and its 200 day moving average is $136.30. Toll Brothers, Inc. has a 12-month low of $84.40 and a 12-month high of $160.12. The stock has a market cap of $15.91 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.18 and a beta of 1.68. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio is 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.