Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 4.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 2,157,908 shares of the construction company’s stock after purchasing an additional 84,652 shares during the period. Geode Capital Management LLC’s holdings in Toll Brothers were worth $333,444,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Barclays PLC boosted its stake in Toll Brothers by 3.9% during the 3rd quarter. Barclays PLC now owns 233,681 shares of the construction company’s stock valued at $36,103,000 after acquiring an additional 8,794 shares during the last quarter. MML Investors Services LLC increased its position in Toll Brothers by 22.4% in the 3rd quarter. MML Investors Services LLC now owns 23,005 shares of the construction company’s stock valued at $3,554,000 after acquiring an additional 4,209 shares during the period. Kensington Investment Counsel LLC bought a new stake in shares of Toll Brothers during the third quarter valued at about $207,000. Orion Portfolio Solutions LLC grew its holdings in Toll Brothers by 30.4% during the third quarter. Orion Portfolio Solutions LLC now owns 2,889 shares of the construction company’s stock worth $446,000 after acquiring an additional 673 shares during the period. Finally, Zimmer Partners LP acquired a new position in shares of Toll Brothers in the 3rd quarter worth approximately $5,407,000. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Bank of America raised their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Wells Fargo & Company raised their target price on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Royal Bank of Canada raised their target price on Toll Brothers from $143.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Barclays increased their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $152.53.

Insiders Place Their Bets

In other news, 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 transaction of $777,200.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the completion of the sale, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at approximately $38,068,482.82. This represents a 16.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock valued at $16,435,800 over the last three months. Insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

TOL stock opened at $133.86 on Friday. The company has a market capitalization of $13.52 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.57 and a current ratio of 4.92. Toll Brothers, Inc. has a 52-week low of $95.46 and a 52-week high of $169.52. The business has a 50-day simple moving average of $153.40 and a two-hundred day simple moving average of $139.08.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.29. Toll Brothers had a net margin of 14.48% and a return on equity of 19.64%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.17 billion. During the same quarter in the previous year, the firm posted $4.11 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts expect that Toll Brothers, Inc. will post 14.55 EPS for the current fiscal year.

Toll Brothers Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, January 10th. Toll Brothers’s dividend payout ratio is currently 6.12%.

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.