140 Summer Partners LP Has $45.49 Million Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

140 Summer Partners LP decreased its position in Toll Brothers, Inc. (NYSE:TOL) by 5.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 294,444 shares of the construction company’s stock after selling 17,800 shares during the period. Toll Brothers comprises approximately 4.9% of 140 Summer Partners LP’s portfolio, making the stock its 11th largest position. 140 Summer Partners LP’s holdings in Toll Brothers were worth $45,489,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Greenhaven Associates Inc. raised its holdings in Toll Brothers by 1.0% during the 2nd quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock worth $641,067,000 after buying an additional 52,893 shares during the period. FMR LLC increased its position in shares of Toll Brothers by 97.7% during the third quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after acquiring an additional 1,046,758 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Toll Brothers by 34.8% during the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after acquiring an additional 541,140 shares during the period. Point72 Asset Management L.P. lifted its position in Toll Brothers by 81.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after acquiring an additional 431,160 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in Toll Brothers by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock valued at $136,614,000 after acquiring an additional 229,603 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Insider Transactions at Toll Brothers

In other news, CFO Martin P. Connor sold 5,000 shares of Toll Brothers 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 completion of the sale, the chief financial officer now owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This trade represents a 33.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 221,382 shares in the company, valued at $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 128,673 shares of company stock worth $19,684,387. 1.54% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wells Fargo & Company lifted their price target on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Bank of America boosted their target price on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Oppenheimer upped their price target on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Barclays boosted their price objective on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research report on Thursday, August 22nd. Finally, StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Stock Up 0.4 %

TOL opened at $164.80 on Thursday. The stock’s fifty day simple moving average is $152.99 and its 200 day simple moving average is $137.05. Toll Brothers, Inc. has a 1-year low of $84.40 and a 1-year high of $169.52. The stock has a market cap of $16.64 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 1.26 and a beta of 1.68. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Friday, October 11th. Toll Brothers’s payout ratio is presently 6.34%.

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.