Amalgamated Bank Has $7.57 Million Stake in Toll Brothers, Inc. (NYSE:TOL)

Amalgamated Bank cut its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 24.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,972 shares of the construction company’s stock after selling 16,235 shares during the quarter. Amalgamated Bank’s holdings in Toll Brothers were worth $7,566,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of TOL. Pacer Advisors Inc. raised its position in shares of Toll Brothers by 34.8% in the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after acquiring an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after buying an additional 431,160 shares during the period. Anchor Capital Advisors LLC acquired a new position in Toll Brothers in the second quarter valued at approximately $17,740,000. Marsico Capital Management LLC boosted its holdings in shares of Toll Brothers by 24.5% during the 2nd quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock worth $86,983,000 after buying an additional 148,562 shares in the last quarter. Finally, Interval Partners LP increased its stake in shares of Toll Brothers by 842.9% in the 1st quarter. Interval Partners LP now owns 147,623 shares of the construction company’s stock valued at $19,098,000 after acquiring an additional 131,966 shares in the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the subject of a number of research reports. Oppenheimer raised their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $142.00 target price on shares of Toll Brothers in a research report on Wednesday, August 21st. Wedbush raised Toll Brothers from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $148.00 to $175.00 in a research note on Friday, October 25th. Wells Fargo & Company raised their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada increased their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.87.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the sale, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’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 sale, 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 is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 216,257 shares of company stock worth $32,602,152. 1.54% of the stock is owned by company insiders.

Toll Brothers Trading Down 1.5 %

Shares of TOL stock opened at $151.34 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The company has a market capitalization of $15.28 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 1.10 and a beta of 1.68. Toll Brothers, Inc. has a 52-week low of $78.32 and a 52-week high of $160.12. The company has a 50-day simple moving average of $149.17 and a two-hundred day simple moving average of $133.44.

Toll Brothers (NYSE:TOL) last released its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating 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 company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the company posted $3.73 earnings per share. Toll Brothers’s quarterly revenue was up 1.5% on a year-over-year basis. Research analysts anticipate that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

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

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.