Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB trimmed its stake in shares of Toll Brothers, Inc. (NYSE:TOLFree Report) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,200 shares of the construction company’s stock after selling 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Toll Brothers were worth $3,430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in TOL. Ossiam lifted its holdings in shares of Toll Brothers by 122.8% during the 4th quarter. Ossiam now owns 7,547 shares of the construction company’s stock valued at $776,000 after buying an additional 4,159 shares during the last quarter. Oppenheimer & Co. Inc. raised its stake in shares of Toll Brothers by 36.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock valued at $4,105,000 after buying an additional 8,474 shares in the last quarter. Private Advisor Group LLC lifted its stake in Toll Brothers by 46.7% during the first quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock worth $3,347,000 after purchasing an additional 8,234 shares during the period. Van ECK Associates Corp raised its stake in Toll Brothers by 36.5% during the first quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock worth $5,235,000 after acquiring an additional 10,823 shares in the last quarter. Finally, TCW Group Inc. raised its stake in shares of Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after acquiring an additional 16,503 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the transaction, the chief executive officer now owns 346,382 shares of the company’s stock, valued at $51,087,881.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the sale, the chief financial officer now directly owns 9,721 shares in the company, valued at $1,511,032.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 191,257 shares of company stock valued at $28,646,402. Insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

TOL has been the subject of a number of recent research reports. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Citigroup dropped their target price on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Bank of America upped their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Finally, Wells Fargo & Company upped their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Toll Brothers presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.07.

Check Out Our Latest Research Report on Toll Brothers

Toll Brothers Price Performance

Toll Brothers stock opened at $151.17 on Wednesday. The business has a 50-day simple moving average of $142.17 and a 200 day simple moving average of $129.24. The stock has a market cap of $15.52 billion, a price-to-earnings ratio of 10.33, a PEG ratio of 1.21 and a beta of 1.66. 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 52 week low of $68.08 and a 52 week high of $156.08.

Toll Brothers (NYSE:TOLGet Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted $3.73 EPS. On average, research analysts forecast that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be given a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.61%. Toll Brothers’s payout ratio is 6.28%.

Toll Brothers Profile

(Free Report)

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.

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

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