Toll Brothers Inc. $TOL Shares Sold by Leuthold Group LLC

Leuthold Group LLC trimmed its position in Toll Brothers Inc. (NYSE:TOL) by 7.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 54,139 shares of the construction company’s stock after selling 4,592 shares during the quarter. Leuthold Group LLC’s holdings in Toll Brothers were worth $6,179,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TOL. Goldman Sachs Group Inc. increased its position in Toll Brothers by 6.6% during the first quarter. Goldman Sachs Group Inc. now owns 1,091,176 shares of the construction company’s stock worth $115,217,000 after purchasing an additional 67,156 shares during the last quarter. OMNI 360 Wealth Inc. purchased a new stake in shares of Toll Brothers in the 2nd quarter valued at approximately $341,000. Focus Partners Wealth increased its holdings in shares of Toll Brothers by 11.7% during the 1st quarter. Focus Partners Wealth now owns 73,832 shares of the construction company’s stock worth $7,796,000 after buying an additional 7,762 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Toll Brothers by 13.1% during the 1st quarter. Royal Bank of Canada now owns 183,935 shares of the construction company’s stock worth $19,421,000 after buying an additional 21,262 shares during the last quarter. Finally, Inspire Investing LLC purchased a new stake in shares of Toll Brothers during the 1st quarter valued at approximately $2,154,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TOL has been the subject of several analyst reports. Argus increased their price objective on Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Keefe, Bruyette & Woods raised their price objective on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a research report on Thursday, August 28th. Evercore ISI restated an “in-line” rating and issued a $160.00 price objective (down from $169.00) on shares of Toll Brothers in a report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Toll Brothers in a research report on Wednesday, October 8th. Finally, Wedbush restated an “outperform” rating and issued a $165.00 price objective on shares of Toll Brothers in a report on Thursday, September 18th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Toll Brothers currently has an average rating of “Moderate Buy” and a consensus price target of $149.43.

Insider Buying and Selling

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the firm’s stock in a transaction on Friday, September 5th. The stock was sold at an average price of $147.65, for a total value of $562,841.80. Following the sale, the director directly owned 118,753 shares in the company, valued at $17,533,880.45. This trade represents a 3.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.54% of the stock is owned by company insiders.

Toll Brothers Price Performance

Shares of NYSE TOL opened at $139.83 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 4.38 and a quick ratio of 0.51. The company has a market cap of $13.48 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The stock’s 50-day moving average is $134.66 and its two-hundred day moving average is $126.21. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year high of $168.17.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Investors of record on Friday, October 10th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, October 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s payout ratio is presently 7.35%.

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.