Point72 Asset Management L.P. Has $110.99 Million Position in Toll Brothers, Inc. (NYSE:TOL)

Point72 Asset Management L.P. increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 81.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 963,650 shares of the construction company’s stock after acquiring an additional 431,160 shares during the quarter. Point72 Asset Management L.P. owned about 0.95% of Toll Brothers worth $110,993,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TOL. Orion Portfolio Solutions LLC increased its holdings in shares of Toll Brothers by 29.3% during the 4th quarter. Orion Portfolio Solutions LLC now owns 5,376 shares of the construction company’s stock worth $549,000 after acquiring an additional 1,218 shares during the last quarter. Advisory Services Network LLC boosted its stake in Toll Brothers by 51.2% in the 4th quarter. Advisory Services Network LLC now owns 4,416 shares of the construction company’s stock valued at $454,000 after purchasing an additional 1,496 shares during the period. Bank of Nova Scotia bought a new stake in Toll Brothers in the 4th quarter valued at $18,792,000. Eagle Asset Management Inc. boosted its stake in Toll Brothers by 97.0% in the 4th quarter. Eagle Asset Management Inc. now owns 57,573 shares of the construction company’s stock valued at $5,918,000 after purchasing an additional 28,344 shares during the period. Finally, KBC Group NV boosted its stake in Toll Brothers by 92.0% in the 4th quarter. KBC Group NV now owns 4,696 shares of the construction company’s stock valued at $483,000 after purchasing an additional 2,250 shares during the period. 91.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the transaction, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at approximately $38,068,482.82. The disclosure for this sale can be found here. Insiders sold a total of 191,257 shares of company stock valued at $28,646,402 in the last 90 days. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL stock opened at $155.35 on Monday. 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, Inc. has a twelve month low of $68.08 and a twelve month high of $156.00. The company has a market cap of $15.69 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.24 and a beta of 1.67. The business has a fifty day simple moving average of $139.96 and a 200 day simple moving average of $127.72.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the company earned $3.73 EPS. Toll Brothers’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, sell-side analysts forecast that Toll Brothers, Inc. will post 13.51 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.59%. Toll Brothers’s dividend payout ratio is currently 6.28%.

Analyst Ratings Changes

TOL has been the subject of several recent research reports. Oppenheimer boosted their price target on Toll Brothers from $157.00 to $168.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Barclays boosted their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Evercore ISI boosted their price target on Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.67.

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.