Charles Schwab Investment Management Inc. Reduces Stake in Toll Brothers, Inc. (NYSE:TOL)

Charles Schwab Investment Management Inc. lessened its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 688,486 shares of the construction company’s stock after selling 8,858 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.68% of Toll Brothers worth $106,364,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of TOL. Pacer Advisors Inc. increased its position in shares of Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $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% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after buying an additional 431,160 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Toll Brothers during the third quarter valued at approximately $38,985,000. Jennison Associates LLC raised its position in Toll Brothers by 35.1% in the third quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock worth $136,614,000 after acquiring an additional 229,603 shares during the period. Finally, Anchor Capital Advisors LLC purchased a new position in shares of Toll Brothers during the 2nd quarter worth $17,740,000. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TOL shares. Bank of America raised their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Wedbush raised shares of Toll Brothers from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $148.00 to $175.00 in a report on Friday, October 25th. Barclays lifted their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Finally, Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.87.

Toll Brothers Trading Up 6.5 %

Shares of Toll Brothers stock opened at $167.85 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.18 and a beta of 1.68. Toll Brothers, Inc. has a twelve month low of $84.40 and a twelve month high of $169.52. The business has a 50-day moving average price of $152.43 and a 200-day moving average price of $136.59.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio is 6.34%.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the sale, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. This trade represents a 10.15 % 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, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the transaction, the director now owns 9,944 shares in the company, valued at $1,502,538.40. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 128,673 shares of company stock worth $19,684,387 over the last ninety days. Company insiders own 1.54% of the company’s stock.

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.