Empowered Funds LLC Sells 24,945 Shares of Toll Brothers, Inc. (NYSE:TOL)

Empowered Funds LLC trimmed its position in Toll Brothers, Inc. (NYSE:TOL) by 26.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 70,772 shares of the construction company’s stock after selling 24,945 shares during the period. Empowered Funds LLC’s holdings in Toll Brothers were worth $10,934,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of TOL. Pacer Advisors Inc. raised its position in Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after purchasing an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. lifted its position in shares of Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after buying an additional 431,160 shares in the last quarter. Anchor Capital Advisors LLC bought a new position in shares of Toll Brothers during the 2nd quarter worth approximately $17,740,000. Marsico Capital Management LLC lifted its position in shares of Toll Brothers by 24.5% during the 2nd quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock worth $86,983,000 after buying an additional 148,562 shares in the last quarter. Finally, Interval Partners LP raised its holdings in shares of Toll Brothers by 842.9% in the 1st quarter. Interval Partners LP now owns 147,623 shares of the construction company’s stock worth $19,098,000 after purchasing an additional 131,966 shares during the period. 91.76% of the stock is owned by institutional investors.

Toll Brothers Trading Down 1.2 %

NYSE:TOL traded down $1.77 during mid-day trading on Friday, hitting $151.93. 71,691 shares of the stock traded hands, compared to its average volume of 1,359,009. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.13 and a beta of 1.68. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 52 week low of $84.40 and a 52 week high of $160.12. The firm’s 50 day moving average is $150.42 and its two-hundred day moving average is $134.72.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter in the prior year, the company earned $3.73 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts predict that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.23 per share. The ex-dividend date was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.61%. Toll Brothers’s payout ratio is 6.34%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Bank of America lifted their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Wells Fargo & Company lifted their target price on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $148.87.

Insider Buying and Selling at Toll Brothers

In related news, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $155.44, for a total transaction of $777,200.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. This trade represents a 20.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 216,257 shares of company stock worth $32,602,152. 1.54% of the stock is owned by corporate insiders.

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.