Kingsview Wealth Management LLC Has $801,000 Holdings in Toll Brothers, Inc. (NYSE:TOL)

Kingsview Wealth Management LLC raised its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 7.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,187 shares of the construction company’s stock after purchasing an additional 349 shares during the period. Kingsview Wealth Management LLC’s holdings in Toll Brothers were worth $801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TOL. TCW Group Inc. grew its holdings in Toll Brothers by 27.9% during the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after buying an additional 16,503 shares in the last quarter. Chartwell Investment Partners LLC grew 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 worth $5,453,000 after acquiring an additional 14,092 shares in the last quarter. Avior Wealth Management LLC grew 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 worth $525,000 after acquiring an additional 3,328 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Toll Brothers by 62,605.9% in the third quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock valued at $1,647,000 after purchasing an additional 10,643 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Toll Brothers by 14.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company’s stock valued at $7,319,000 after purchasing an additional 6,998 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Toll Brothers Stock Up 0.4 %

TOL opened at $164.80 on Thursday. The business’s fifty day simple moving average is $152.99 and its 200 day simple moving average is $137.05. Toll Brothers, Inc. has a 52 week low of $84.40 and a 52 week high of $169.52. 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 stock has a market cap of $16.64 billion, a PE ratio of 11.36, a P/E/G ratio of 1.26 and a beta of 1.68.

Toll Brothers Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.56%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Royal Bank of Canada lifted their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Wedbush upgraded Toll Brothers from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $148.00 to $175.00 in a research note on Friday, October 25th. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company lifted their price objective on shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $148.87.

Insider Activity at Toll Brothers

In other news, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. This trade represents a 60.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the completion of the sale, the chief executive officer now directly owns 296,382 shares of the company’s stock, valued at approximately $45,361,265.10. This trade represents a 7.78 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,673 shares of company stock valued at $19,684,387. Corporate insiders own 1.54% of the company’s stock.

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.