Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. increased its holdings in Toll Brothers, Inc. (NYSE:TOL) by 22.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,334 shares of the construction company’s stock after acquiring an additional 435 shares during the period. Moors & Cabot Inc.’s holdings in Toll Brothers were worth $363,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new position in shares of Toll Brothers during the 3rd quarter worth $27,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toll Brothers during the second quarter worth about $29,000. Massmutual Trust Co. FSB ADV increased its position in shares of Toll Brothers by 114.5% during 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 lifted its holdings 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 worth $38,000 after acquiring an additional 223 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on TOL. Wells Fargo & Company upped their price target on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Bank of America boosted 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 report on Wednesday, September 11th. Finally, Royal Bank of Canada boosted their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price of $148.87.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were 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 directly owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. The trade was a 10.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction on 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 sale, the director now 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. Over the last three months, insiders have sold 128,673 shares of company stock worth $19,684,387. 1.54% of the stock is owned by company insiders.

Toll Brothers Price Performance

TOL stock opened at $157.59 on Friday. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $15.91 billion, a P/E ratio of 10.86, a PEG ratio of 1.14 and a beta of 1.68. The business has a 50 day simple moving average of $152.07 and a 200-day simple moving average of $136.15. Toll Brothers, Inc. has a twelve month low of $84.40 and a twelve month high of $160.12.

Toll Brothers Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.34%.

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.