Barclays PLC Boosts Holdings in Toll Brothers, Inc. (NYSE:TOL)

Barclays PLC lifted its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233,681 shares of the construction company’s stock after buying an additional 8,794 shares during the quarter. Barclays PLC’s holdings in Toll Brothers were worth $36,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock valued at $28,000 after buying an additional 66 shares during the period. First Trust Direct Indexing L.P. lifted its position in Toll Brothers by 1.4% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after acquiring an additional 72 shares during the period. Fifth Third Bancorp boosted its stake in Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock worth $94,000 after acquiring an additional 82 shares in the last quarter. First Citizens Bank & Trust Co. grew its holdings in Toll Brothers by 3.7% in the third quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after purchasing an additional 83 shares during the period. Finally, Clifford Swan Investment Counsel LLC increased its stake in shares of Toll Brothers by 5.1% during the second quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after purchasing an additional 89 shares in the last quarter. 91.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TOL has been the topic of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $175.00 price target on shares of Toll Brothers in a research report on Wednesday. Evercore ISI raised their price target on Toll Brothers from $181.00 to $184.00 and gave the company an “outperform” rating in a report on Wednesday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $150.00 price target (down previously from $166.00) on shares of Toll Brothers in a research note on Friday. Oppenheimer restated an “outperform” rating and set a $189.00 price objective on shares of Toll Brothers in a research note on Thursday. Finally, StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $152.53.

Insiders Place Their Bets

In related news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $155.44, for a total value of $777,200.00. Following the completion of the sale, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on 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 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 106,000 shares of company stock worth $16,435,800. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

TOL stock opened at $133.86 on Friday. The company has a market cap of $13.52 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.92 and a quick ratio of 0.57. Toll Brothers, Inc. has a 1 year low of $95.46 and a 1 year high of $169.52. The stock’s fifty day moving average price is $153.40 and its 200-day moving average price is $139.08.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the company posted $4.11 EPS. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, equities analysts forecast that Toll Brothers, Inc. will post 14.55 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.23 per share. The ex-dividend date is Friday, January 10th. This represents a $0.92 dividend on an annualized basis and a yield of 0.69%. Toll Brothers’s dividend payout ratio is currently 6.12%.

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.