Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in Toll Brothers, Inc. (NYSE:TOL) by 4.3% in the third quarter, HoldingsChannel.com reports. The firm owned 61,097 shares of the construction company’s stock after selling 2,724 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Toll Brothers were worth $9,439,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Toll Brothers in the third quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in 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. Allspring Global Investments Holdings LLC grew its stake in shares of Toll Brothers by 202.7% in the 2nd 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 last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Wedbush upgraded Toll Brothers from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $148.00 to $175.00 in a report on Friday, October 25th. Bank of America boosted 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. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Finally, Barclays boosted their price objective on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.87.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The trade was a 60.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the transaction, the chief executive officer now directly owns 296,382 shares in the company, valued at approximately $45,361,265.10. The trade was a 7.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock valued at $32,602,152 in the last three months. Insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

NYSE TOL opened at $152.67 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68. The company has a 50 day simple moving average of $151.01 and a 200-day simple moving average of $135.18. Toll Brothers, Inc. has a 52-week low of $84.40 and a 52-week high of $160.12.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business posted $3.73 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Equities research analysts predict that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.23 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.60%. Toll Brothers’s dividend payout ratio (DPR) is currently 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.