Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC cut its position in Toll Brothers, Inc. (NYSE:TOL) by 31.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,075 shares of the construction company’s stock after selling 6,875 shares during the quarter. Aviance Capital Partners LLC’s holdings in Toll Brothers were worth $2,329,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its holdings in shares of Toll Brothers by 1.8% during the third quarter. Thrivent Financial for Lutherans now owns 27,644 shares of the construction company’s stock valued at $4,271,000 after buying an additional 491 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Toll Brothers during the 3rd quarter valued at $38,985,000. Natixis Advisors LLC boosted its position in Toll Brothers by 133.2% during the 3rd quarter. Natixis Advisors LLC now owns 53,521 shares of the construction company’s stock worth $8,269,000 after acquiring an additional 30,566 shares during the period. CIBC Asset Management Inc grew its stake in shares of Toll Brothers by 3.7% in the third quarter. CIBC Asset Management Inc now owns 3,054 shares of the construction company’s stock worth $472,000 after purchasing an additional 109 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of Toll Brothers by 46.8% during the third quarter. Huntington National Bank now owns 712 shares of the construction company’s stock valued at $110,000 after purchasing an additional 227 shares in the last quarter. 91.76% of the stock is owned by institutional investors and hedge funds.

Toll Brothers Stock Performance

Shares of TOL opened at $152.47 on Tuesday. The company has a 50-day moving average of $151.01 and a two-hundred day moving average of $135.29. The stock has a market cap of $15.39 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 1.14 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers, Inc. has a one year low of $84.40 and a one year high of $160.12.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2.71 billion. During the same quarter last year, the business posted $3.73 EPS. The company’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts expect that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on TOL shares. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $148.00 to $175.00 in a report on Friday, October 25th. Oppenheimer boosted their target price on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Barclays increased their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Two 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.87.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total value of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. This represents a 10.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Martin P. Connor sold 5,000 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $155.44, for a total transaction of $777,200.00. Following the transaction, the chief financial officer now owns 9,721 shares in the company, valued at approximately $1,511,032.24. This trade represents a 33.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 216,257 shares of company stock valued at $32,602,152. Company insiders own 1.54% of the company’s stock.

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.