Toll Brothers, Inc. (NYSE:TOL) Position Cut by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 39.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 67,800 shares of the construction company’s stock after selling 44,900 shares during the period. Two Sigma Advisers LP owned 0.07% of Toll Brothers worth $10,474,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. FMR LLC grew its position in Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after purchasing an additional 1,046,758 shares during the last quarter. Westfield Capital Management Co. LP bought a new position in Toll Brothers in the 3rd quarter worth approximately $111,562,000. Pacer Advisors Inc. increased 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 acquiring an additional 541,140 shares during the period. Point72 Asset Management L.P. raised its stake in Toll Brothers by 81.0% during 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 acquiring an additional 431,160 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Toll Brothers during the 3rd quarter worth $38,985,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the completion of the sale, the chief executive officer now directly owns 296,382 shares of the company’s stock, valued at $45,361,265.10. This represents a 7.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin P. Connor sold 5,000 shares of the business’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 transaction, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,000 shares of company stock valued at $16,435,800 over the last quarter. Company insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 1.6 %

Shares of TOL opened at $156.50 on Tuesday. The business’s 50-day moving average price is $154.10 and its 200 day moving average price is $138.90. 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 stock has a market capitalization of $15.80 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.16 and a beta of 1.69. Toll Brothers, Inc. has a 1-year low of $91.92 and a 1-year high of $169.52.

Toll Brothers (NYSE:TOL) last released its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the firm posted $4.11 earnings per share. Analysts expect that Toll Brothers, Inc. will post 13.52 earnings per share for the current year.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.23 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.59%. Toll Brothers’s payout ratio is currently 6.34%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wedbush reissued an “outperform” rating and set a $175.00 price target on shares of Toll Brothers in a report on Monday, December 2nd. Bank of America boosted their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. 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. Barclays raised their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Finally, Oppenheimer upped their target price on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.87.

Toll Brothers 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.