Toll Brothers, Inc. (NYSE:TOL) Stake Boosted by MML Investors Services LLC

MML Investors Services LLC grew its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 22.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 23,005 shares of the construction company’s stock after acquiring an additional 4,209 shares during the period. MML Investors Services LLC’s holdings in Toll Brothers were worth $3,554,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Chartwell Investment Partners LLC lifted its stake in shares of Toll Brothers by 66.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock valued at $5,453,000 after purchasing an additional 14,092 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after purchasing an additional 3,328 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of Toll Brothers by 62,605.9% in the 3rd quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock valued at $1,647,000 after purchasing an additional 10,643 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of 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 during the last quarter. Finally, State Street Corp lifted its stake in shares of Toll Brothers by 1.2% in the 3rd quarter. State Street Corp now owns 3,662,387 shares of the construction company’s stock valued at $565,802,000 after purchasing an additional 42,871 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

NYSE TOL opened at $133.85 on Friday. The stock has a market cap of $13.51 billion, a P/E ratio of 8.91, a PEG ratio of 1.00 and a beta of 1.69. The company’s 50-day simple moving average is $153.08 and its 200 day simple moving average is $139.16. Toll Brothers, Inc. has a twelve month low of $95.46 and a twelve month high of $169.52. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37.

Toll Brothers (NYSE:TOL) last posted its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.17 billion. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.11 earnings per share. As a group, research analysts forecast that Toll Brothers, Inc. will post 14.57 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. Toll Brothers’s payout ratio is currently 6.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays lifted 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. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Wedbush reissued an “outperform” rating and set a $175.00 target price on shares of Toll Brothers in a research report on Wednesday. Wells Fargo & Company boosted their target price 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, Royal Bank of Canada boosted their target price on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $152.53.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the sale, the chief executive officer now directly owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the sale, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,000 shares of company stock valued at $16,435,800 over the last quarter. 1.54% of the stock is owned by company 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.