Great West Life Assurance Co. Can Raises Position in Toll Brothers, Inc. (NYSE:TOL)

Great West Life Assurance Co. Can grew its position in Toll Brothers, Inc. (NYSE:TOLGet Rating) by 11.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 80,337 shares of the construction company’s stock after buying an additional 8,529 shares during the period. Great West Life Assurance Co. Can owned approximately 0.07% of Toll Brothers worth $3,373,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Toll Brothers by 9.1% in the first quarter. Vanguard Group Inc. now owns 11,623,797 shares of the construction company’s stock worth $546,551,000 after acquiring an additional 968,528 shares during the period. Greenhaven Associates Inc. grew its stake in shares of Toll Brothers by 2.8% in the second quarter. Greenhaven Associates Inc. now owns 5,357,903 shares of the construction company’s stock worth $238,962,000 after acquiring an additional 145,700 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Toll Brothers by 4.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,724,844 shares of the construction company’s stock worth $210,728,000 after acquiring an additional 212,375 shares during the period. State Street Corp grew its stake in shares of Toll Brothers by 1.1% in the first quarter. State Street Corp now owns 4,070,929 shares of the construction company’s stock worth $191,415,000 after acquiring an additional 45,004 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Toll Brothers by 10.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,773,505 shares of the construction company’s stock worth $177,444,000 after acquiring an additional 353,364 shares during the period. 82.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. UBS Group lifted their price target on shares of Toll Brothers from $61.00 to $65.00 in a research note on Thursday, December 8th. Citigroup boosted their target price on shares of Toll Brothers to $54.00 in a research report on Monday, December 12th. Evercore ISI boosted their target price on shares of Toll Brothers to $63.00 in a research report on Monday, December 12th. Barclays boosted their target price on shares of Toll Brothers from $47.00 to $50.00 and gave the company an “underweight” rating in a research report on Thursday, December 8th. Finally, JPMorgan Chase & Co. upgraded shares of Toll Brothers from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $47.00 to $58.00 in a research report on Tuesday, November 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $57.46.

Toll Brothers Stock Performance

TOL opened at $56.04 on Tuesday. The firm has a market cap of $6.21 billion, a P/E ratio of 5.06, a PEG ratio of 0.65 and a beta of 1.33. Toll Brothers, Inc. has a 1-year low of $39.53 and a 1-year high of $60.41. The company has a 50 day simple moving average of $50.36 and a two-hundred day simple moving average of $47.07. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.80 and a quick ratio of 0.93.

Toll Brothers (NYSE:TOLGet Rating) last posted its quarterly earnings results on Tuesday, December 6th. The construction company reported $4.67 earnings per share for the quarter, topping analysts’ consensus estimates of $3.88 by $0.79. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.22 billion. Toll Brothers had a net margin of 12.52% and a return on equity of 21.17%. Equities analysts forecast that Toll Brothers, Inc. will post 7.87 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Friday, January 6th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, January 5th. Toll Brothers’s dividend payout ratio (DPR) is presently 7.23%.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 30,000 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $55.97, for a total value of $1,679,100.00. Following the transaction, the chief financial officer now owns 31,220 shares of the company’s stock, valued at $1,747,383.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas C. Jr. Yearley sold 1,359 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $49.82, for a total value of $67,705.38. Following the transaction, the chief executive officer now owns 159,919 shares of the company’s stock, valued at $7,967,164.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin P. Connor sold 30,000 shares of the business’s stock in a transaction on Thursday, January 12th. The stock was sold at an average price of $55.97, for a total transaction of $1,679,100.00. Following the completion of the transaction, the chief financial officer now directly owns 31,220 shares in the company, valued at approximately $1,747,383.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,765 shares of company stock valued at $4,623,971. 8.28% of the stock is currently owned by corporate insiders.

About Toll Brothers

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Toll Brothers, Inc engages in the design, building, marketing, and arranging of financing for detached and attached homes in residential communities. It operates through the following segments: Traditional Home Building and City Living. The Traditional Home Building segment builds and sells homes for detached and attached homes in luxury residential communities in affluent suburban markets and caters to move-up, empty-nester, active-adult, age-qualified, and second-home buyers.

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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