Commerce Bank Buys 249 Shares of Toll Brothers, Inc. (NYSE:TOL)

Commerce Bank increased its stake in Toll Brothers, Inc. (NYSE:TOL) by 7.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,793 shares of the construction company’s stock after acquiring an additional 249 shares during the period. Commerce Bank’s holdings in Toll Brothers were worth $586,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TOL. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers during the third quarter valued at $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toll Brothers during the 2nd quarter worth about $29,000. Massmutual Trust Co. FSB ADV lifted its position in Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 223 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $148.00 to $175.00 in a report on Friday, October 25th. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Barclays lifted their price objective on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Royal Bank of Canada increased their target price on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, Oppenheimer boosted their target price on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Toll Brothers has a consensus rating of “Moderate Buy” and an average target price of $148.87.

Insiders Place Their Bets

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. This represents a 10.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. This represents a 9.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 128,673 shares of company stock valued at $19,684,387 in the last quarter. 1.54% of the stock is currently owned by insiders.

Toll Brothers Stock Performance

Shares of Toll Brothers stock opened at $167.85 on Tuesday. 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 has a market cap of $16.95 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.18 and a beta of 1.68. The stock’s 50-day moving average is $152.43 and its 200-day moving average is $136.59. Toll Brothers, Inc. has a one year low of $84.40 and a one year high of $169.52.

Toll Brothers Dividend Announcement

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

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.