Toll Brothers Inc. $TOL Stock Position Boosted by One Way Holdings LLC

One Way Holdings LLC grew its holdings in Toll Brothers Inc. (NYSE:TOL) by 10.5% during the third quarter, HoldingsChannel.com reports. The firm owned 124,865 shares of the construction company’s stock after acquiring an additional 11,914 shares during the quarter. One Way Holdings LLC’s holdings in Toll Brothers were worth $16,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Toll Brothers during the 2nd quarter valued at $1,610,696,000. Bamco Inc. NY bought a new position in Toll Brothers in the second quarter worth about $166,250,000. Bank of New York Mellon Corp purchased a new stake in shares of Toll Brothers during the second quarter valued at about $164,804,000. Bank of America Corp DE purchased a new position in shares of Toll Brothers in the 2nd quarter worth approximately $125,912,000. Finally, Jupiter Topco LLC purchased a new stake in shares of Toll Brothers during the 2nd quarter valued at $88,646,000. Institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In related news, Director Stephen East sold 800 shares of the firm’s stock in a transaction dated Thursday, September 24th. The stock was sold at an average price of $135.99, for a total transaction of $108,792.00. Following the sale, the director directly owned 12,642 shares of the company’s stock, valued at $1,719,185.58. This trade represents a 5.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.37% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on TOL shares. Morgan Stanley assumed coverage on shares of Toll Brothers in a report on Thursday, October 1st. They set an “overweight” rating and a $159.00 price objective on the stock. Evercore set a $184.00 price target on Toll Brothers in a research note on Friday, September 25th. Citigroup reduced their price objective on Toll Brothers from $179.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, October 15th. Melius Research initiated coverage on Toll Brothers in a report on Tuesday, October 6th. They set a “buy” rating and a $179.00 target price for the company. Finally, Stonex Financia upgraded Toll Brothers to a “strong-buy” rating in a research report on Thursday, October 15th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $166.67.

Toll Brothers Trading Up 0.0%

NYSE TOL opened at $145.96 on Monday. The company has a market capitalization of $13.45 billion, a PE ratio of 11.71, a P/E/G ratio of 1.18 and a beta of 1.31. The company has a fifty day moving average of $137.89 and a 200 day moving average of $144.18. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 18th. The construction company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.04. The company had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. Toll Brothers had a return on equity of 14.21% and a net margin of 11.14%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same period last year, the firm earned $3.73 EPS. Research analysts forecast that Toll Brothers Inc. will post 12.80 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were paid a $0.26 dividend. The ex-dividend date was Friday, October 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Toll Brothers’s dividend payout ratio is presently 8.35%.

Toll Brothers Company Profile

Toll Brothers, Inc is a luxury homebuilding company that designs, builds, markets and sells residential properties in the United States. Its portfolio includes single-family detached homes, townhomes, condominiums and luxury residences, along with active-adult communities and urban high-rise developments in select markets.

The company also provides related services through businesses involved in mortgage lending, title insurance and settlement services. Toll Brothers serves a range of buyers, including first-time, move-up, luxury and active-adult home purchasers, and offers customization options through its design studios and other customer-service operations.

Founded in 1967 by Robert I.