Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 359,800 shares of the construction company’s stock after selling 4,918 shares during the quarter. Toll Brothers makes up approximately 1.0% of Wedge Capital Management L L P NC’s holdings, making the stock its 28th biggest holding. Wedge Capital Management L L P NC owned approximately 0.36% of Toll Brothers worth $55,586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TOL. Register Financial Advisors LLC purchased a new stake in Toll Brothers in the 1st quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Toll Brothers in the 2nd quarter worth $29,000. Contravisory Investment Management Inc. acquired a new position in shares of Toll Brothers in the 1st quarter valued at about $34,000. Massmutual Trust Co. FSB ADV increased its position in Toll Brothers by 114.5% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock worth $31,000 after purchasing an additional 142 shares in the last quarter. Finally, Rise Advisors LLC purchased a new position in Toll Brothers in the first quarter valued at approximately $35,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

TOL traded up $1.84 on Monday, hitting $151.70. 270,747 shares of the company’s stock were exchanged, compared to its average volume of 1,393,060. 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 stock has a fifty day moving average of $142.84 and a two-hundred day moving average of $129.74. Toll Brothers, Inc. has a twelve month low of $68.08 and a twelve month high of $156.08. The firm has a market cap of $15.32 billion, a PE ratio of 10.33, a P/E/G ratio of 1.20 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last announced its quarterly 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 for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business earned $3.73 earnings per share. Toll Brothers’s revenue was up 1.5% compared to the same quarter last year. On average, research analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Citigroup decreased their target price on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating for the company in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a report on Wednesday, August 21st. 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 report on Friday, September 27th. Finally, Bank of America boosted their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $147.07.

Insider Activity

In other news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the sale, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares in the company, valued at approximately $51,087,881.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction that occurred 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 transaction, the director now owns 9,944 shares in the company, valued at approximately $1,502,538.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 191,257 shares of company stock worth $28,646,402 over the last three months. Corporate insiders own 1.54% of the company’s stock.

About Toll Brothers

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.