Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Leuthold Group LLC

Leuthold Group LLC lessened its stake in Toll Brothers, Inc. (NYSE:TOL) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,293 shares of the construction company’s stock after selling 4,187 shares during the period. Toll Brothers accounts for approximately 1.2% of Leuthold Group LLC’s portfolio, making the stock its 22nd largest position. Leuthold Group LLC owned approximately 0.07% of Toll Brothers worth $11,169,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TOL. Register Financial Advisors LLC acquired a new stake in shares of Toll Brothers in the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toll Brothers in the second quarter valued at approximately $29,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Toll Brothers by 202.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 223 shares during the last quarter. Finally, UMB Bank n.a. increased 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 valued at $42,000 after acquiring an additional 207 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 1.0 %

TOL stock opened at $150.52 on Monday. Toll Brothers, Inc. has a 52 week low of $68.33 and a 52 week high of $160.12. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The company has a market cap of $15.20 billion, a P/E ratio of 10.27, a P/E/G ratio of 1.20 and a beta of 1.66. The company’s 50-day moving average price is $147.92 and its 200 day moving average price is $131.61.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping the consensus estimate of $3.31 by $0.29. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.73 EPS. On average, research analysts expect that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Analysts Set New Price Targets

A number of analysts recently weighed in on TOL shares. Citigroup decreased their price target on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research note on Tuesday, July 2nd. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Oppenheimer boosted their price target on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Wedbush raised Toll Brothers from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $148.00 to $175.00 in a research report on Friday. Finally, Royal Bank of Canada boosted their target price on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $148.87.

Insider Buying and Selling

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction 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 owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction on Friday, August 30th. The shares were 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 in the company, valued at $2,109,224.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,257 shares of company stock worth $32,602,152 in the last three months. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers 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.