Pathstone Holdings LLC Sells 8,158 Shares of Toll Brothers, Inc. (NYSE:TOL)

Pathstone Holdings LLC decreased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 6.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 116,609 shares of the construction company’s stock after selling 8,158 shares during the quarter. Pathstone Holdings LLC owned 0.12% of Toll Brothers worth $18,015,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Capital Performance Advisors LLP purchased a new position in Toll Brothers during the 3rd quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Toll Brothers in the second quarter worth about $29,000. Massmutual Trust Co. FSB ADV increased its stake in Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after buying an additional 142 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after buying an additional 223 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after buying an additional 207 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TOL has been the topic of a number of research reports. Oppenheimer raised their target price on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Bank of America lifted their target price on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Wells Fargo & Company increased their price target on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Wedbush upgraded Toll Brothers from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $148.00 to $175.00 in a report on Friday, October 25th. Finally, StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $151.83 on Wednesday. The company has a 50 day moving average price of $151.27 and a 200 day moving average price of $135.51. The firm has a market capitalization of $15.33 billion, a P/E ratio of 10.46, a PEG ratio of 1.14 and a beta of 1.68. 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 $84.40 and a 52 week high of $160.12.

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

Toll Brothers Announces Dividend

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

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the sale, the chief executive officer now owns 296,382 shares in the company, valued at $45,361,265.10. This represents a 7.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. This trade represents a 60.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,257 shares of company stock worth $32,602,152. 1.54% of the stock is currently owned by insiders.

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.