Toll Brothers Inc. $TOL Shares Bought by Creative Planning

Creative Planning boosted its position in Toll Brothers Inc. (NYSE:TOL) by 12.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,905 shares of the construction company’s stock after buying an additional 1,629 shares during the quarter. Creative Planning’s holdings in Toll Brothers were worth $1,701,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in TOL. Greenhaven Associates Inc. grew its holdings in shares of Toll Brothers by 0.7% during the second quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock valued at $639,347,000 after purchasing an additional 39,334 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Toll Brothers by 21.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock valued at $227,988,000 after purchasing an additional 375,372 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Toll Brothers by 4.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,011,618 shares of the construction company’s stock worth $229,586,000 after acquiring an additional 78,035 shares during the period. AQR Capital Management LLC raised its holdings in shares of Toll Brothers by 17.1% in the 1st quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company’s stock worth $146,572,000 after purchasing an additional 208,064 shares in the last quarter. Finally, Long Pond Capital LP bought a new position in shares of Toll Brothers in the first quarter valued at $117,870,000. Institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on TOL shares. Wells Fargo & Company upped their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the company an “overweight” rating in a research report on Monday, August 18th. Wedbush reissued an “outperform” rating and issued a $165.00 target price on shares of Toll Brothers in a research report on Thursday, September 18th. Bank of America cut their price objective on Toll Brothers from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, October 10th. Citigroup boosted their target price on shares of Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 1st. Finally, Evercore ISI reissued an “in-line” rating and issued a $160.00 price objective (down from $169.00) on shares of Toll Brothers in a research report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $149.43.

Toll Brothers Trading Up 1.6%

Shares of NYSE TOL opened at $140.53 on Thursday. The company has a 50-day moving average of $134.64 and a two-hundred day moving average of $125.77. The company has a current ratio of 4.38, a quick ratio of 0.51 and a debt-to-equity ratio of 0.36. The company has a market cap of $13.55 billion, a PE ratio of 10.33, a P/E/G ratio of 1.60 and a beta of 1.37. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $168.17.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, October 10th. Toll Brothers’s dividend payout ratio is currently 7.35%.

Insiders Place Their Bets

In other news, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the transaction, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. This trade represents a 3.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $138.26, for a total value of $3,456,500.00. Following the transaction, the chief executive officer owned 286,117 shares in the company, valued at approximately $39,558,536.42. This trade represents a 8.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.54% of the company’s stock.

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.