Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. raised its holdings in Toll Brothers, Inc. (NYSE:TOL) by 22.9% in the third quarter, Holdings Channel.com reports. The fund owned 2,334 shares of the construction company’s stock after buying an additional 435 shares during the quarter. Moors & Cabot Inc.’s holdings in Toll Brothers were worth $363,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. TCW Group Inc. grew its position in Toll Brothers by 27.9% during the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after buying an additional 16,503 shares during the period. Chartwell Investment Partners LLC grew its holdings in shares of Toll Brothers by 66.5% in the 3rd quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after acquiring an additional 14,092 shares during the period. Lazard Asset Management LLC increased its stake in Toll Brothers by 38.7% in the 1st quarter. Lazard Asset Management LLC now owns 194,111 shares of the construction company’s stock valued at $25,111,000 after purchasing an additional 54,196 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Toll Brothers by 62,605.9% during the third quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock worth $1,647,000 after purchasing an additional 10,643 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in Toll Brothers by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company’s stock worth $7,319,000 after purchasing an additional 6,998 shares in the last quarter. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the sale, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. The trade was a 33.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the transaction, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at $38,068,482.82. This represents a 16.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,673 shares of company stock worth $19,684,387 over the last 90 days. Company insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of NYSE TOL 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. Toll Brothers, Inc. has a 1-year low of $84.40 and a 1-year high of $160.12. The company has a market capitalization of $15.91 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.14 and a beta of 1.68. The business has a 50-day moving average of $152.07 and a 200-day moving average of $136.15.

Toll Brothers Announces Dividend

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

Wall Street Analyst Weigh In

TOL has been the subject of several research reports. Wells Fargo & Company lifted their price target on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Bank of America boosted their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $148.00 to $175.00 in a research note on Friday, October 25th. Seaport Res Ptn downgraded shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Finally, StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. 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 given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $148.87.

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.