Advisors Asset Management Inc. Decreases Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Advisors Asset Management Inc. lessened its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 17.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,308 shares of the construction company’s stock after selling 1,156 shares during the period. Advisors Asset Management Inc.’s holdings in Toll Brothers were worth $820,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jennison Associates LLC raised its stake in Toll Brothers by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after acquiring an additional 229,603 shares during the period. Commerce Bank raised its position in shares of Toll Brothers by 7.0% in the third quarter. Commerce Bank now owns 3,793 shares of the construction company’s stock valued at $586,000 after purchasing an additional 249 shares during the period. Avior Wealth Management LLC raised its position in shares of Toll Brothers by 4,894.1% in the third 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 period. PNC Financial Services Group Inc. lifted its stake in shares of Toll Brothers by 6.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 22,437 shares of the construction company’s stock valued at $3,466,000 after buying an additional 1,267 shares in the last quarter. Finally, Caprock Group LLC bought a new position in Toll Brothers in the 3rd quarter worth approximately $328,000. Institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In related news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now directly owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 9.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. This trade represents a 60.63 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,673 shares of company stock worth $19,684,387. Company insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of Toll Brothers stock opened at $164.09 on Wednesday. The stock has a market capitalization of $16.57 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 1.18 and a beta of 1.68. The company has a fifty day moving average of $152.69 and a 200-day moving average of $136.85. Toll Brothers, Inc. has a 52-week low of $84.40 and a 52-week high of $169.52. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.56%. Toll Brothers’s dividend payout ratio (DPR) is currently 6.34%.

Analyst Ratings Changes

TOL has been the topic of several recent research reports. Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research report on Wednesday, August 21st. Royal Bank of Canada increased their price objective on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Seaport Res Ptn lowered Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Finally, Bank of America increased their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Toll Brothers currently has a consensus rating of “Moderate Buy” and an average target price of $148.87.

Toll Brothers Company 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.