Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP reduced its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 27.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 3,974 shares of the construction company’s stock after selling 1,468 shares during the quarter. Qsemble Capital Management LP’s holdings in Toll Brothers were worth $614,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TCW Group Inc. lifted its holdings in Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after acquiring an additional 16,503 shares during the last quarter. Chartwell Investment Partners LLC lifted its stake 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 valued at $5,453,000 after purchasing an additional 14,092 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Toll Brothers by 4,894.1% in the 3rd quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock valued at $525,000 after purchasing an additional 3,328 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Toll Brothers by 62,605.9% during the 3rd 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 period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Toll Brothers by 14.1% during the 1st 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 during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Trading Down 2.2 %

Shares of TOL stock opened at $164.09 on Wednesday. The company has a market capitalization of $16.57 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.26 and a beta of 1.68. 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 business’s 50 day moving average is $152.69 and its two-hundred day moving average is $136.85. Toll Brothers, Inc. has a twelve month low of $84.40 and a twelve month high of $169.52.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a $0.23 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.56%. Toll Brothers’s dividend payout ratio is currently 6.34%.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 19th. The stock was 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 of the company’s stock, valued at approximately $45,361,265.10. The trade was a 7.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $155.44, for a total value of $777,200.00. Following the transaction, the chief financial officer now owns 9,721 shares in the company, valued at $1,511,032.24. The trade was a 33.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 128,673 shares of company stock worth $19,684,387. 1.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on TOL shares. Oppenheimer increased their price objective 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 raised their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Barclays upped their price target on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. StockNews.com lowered Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company boosted their price objective on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Two 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.