Intech Investment Management LLC Acquires 5,119 Shares of Toll Brothers, Inc. (NYSE:TOL)

Intech Investment Management LLC increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 27.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,085 shares of the construction company’s stock after purchasing an additional 5,119 shares during the quarter. Intech Investment Management LLC’s holdings in Toll Brothers were worth $3,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of TOL. Greenhaven Associates Inc. boosted its holdings in shares of Toll Brothers by 1.0% during the 2nd quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock valued at $641,067,000 after acquiring an additional 52,893 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. grew its position in Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after purchasing an additional 431,160 shares during the period. Jennison Associates LLC raised its stake in Toll Brothers by 35.1% during the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after buying an additional 229,603 shares during the last quarter. Finally, Marsico Capital Management LLC lifted 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 valued at $86,983,000 after buying an additional 148,562 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. This represents a 60.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the completion of the transaction, the chief executive officer now directly owns 296,382 shares of the company’s stock, valued at approximately $45,361,265.10. This trade represents a 7.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,673 shares of company stock worth $19,684,387 over the last 90 days. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Trading Up 3.4 %

Toll Brothers stock opened at $157.59 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The firm’s 50 day moving average price is $152.07 and its 200-day moving average price is $136.15. Toll Brothers, Inc. has a 1 year low of $84.40 and a 1 year high of $160.12. The stock has a market cap of $15.91 billion, a P/E ratio of 10.86, a PEG ratio of 1.14 and a beta of 1.68.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Wall Street Analyst Weigh In

A number of analysts recently commented on TOL shares. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Barclays raised their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Oppenheimer lifted their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Company raised their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $148.87.

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.