Oppenheimer & Co. Inc. Has $4.43 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Oppenheimer & Co. Inc. lowered its stake in Toll Brothers, Inc. (NYSE:TOL) by 10.8% during the third quarter, Holdings Channel.com reports. The fund owned 28,644 shares of the construction company’s stock after selling 3,465 shares during the period. Oppenheimer & Co. Inc.’s holdings in Toll Brothers were worth $4,425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TOL. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Toll Brothers during the second quarter worth $29,000. Massmutual Trust Co. FSB ADV lifted its stake in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after acquiring an additional 223 shares during the period. Finally, UMB Bank n.a. raised its holdings in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Up 1.3 %

Shares of NYSE TOL opened at $153.70 on Friday. Toll Brothers, Inc. has a 52 week low of $84.40 and a 52 week high of $160.12. The stock’s fifty day moving average is $150.42 and its 200 day moving average is $134.72. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The stock has a market capitalization of $15.52 billion, a P/E ratio of 10.59, a PEG ratio of 1.13 and a beta of 1.68.

Toll Brothers (NYSE:TOL) last issued its earnings results on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating 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 company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the company earned $3.73 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.53 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio is presently 6.34%.

Wall Street Analyst Weigh In

TOL has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Wedbush raised Toll Brothers from a “neutral” rating to an “outperform” rating and raised their price target for the company from $148.00 to $175.00 in a report on Friday, October 25th. 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. Oppenheimer increased their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Finally, Bank of America upped their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $148.87.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the transaction, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. The trade was a 20.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John A. Mclean sold 1,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This trade represents a 9.14 % decrease in their position. 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. Insiders own 1.54% of the company’s stock.

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.