Lebenthal Global Advisors LLC Grows Position in Toll Brothers, Inc. (NYSE:TOL)

Lebenthal Global Advisors LLC boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 14.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,962 shares of the construction company’s stock after buying an additional 495 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in Toll Brothers were worth $612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its holdings in Toll Brothers by 36.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 31,727 shares of the construction company’s stock valued at $4,105,000 after buying an additional 8,474 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Toll Brothers by 46.7% in the 1st quarter. Private Advisor Group LLC now owns 25,870 shares of the construction company’s stock valued at $3,347,000 after purchasing an additional 8,234 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Toll Brothers by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 40,465 shares of the construction company’s stock valued at $5,235,000 after purchasing an additional 10,823 shares in the last quarter. TCW Group Inc. raised its holdings in shares of Toll Brothers by 27.9% in the 2nd quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after purchasing an additional 16,503 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Toll Brothers by 106.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 20,239 shares of the construction company’s stock valued at $2,618,000 after purchasing an additional 10,439 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of TOL traded up $2.13 during trading hours on Friday, hitting $148.57. The stock had a trading volume of 170,035 shares, compared to its average volume of 1,369,449. 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 firm has a 50-day moving average price of $148.78 and a 200 day moving average price of $132.32. Toll Brothers, Inc. has a fifty-two week low of $76.50 and a fifty-two week high of $160.12. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.19 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (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 firm 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 business posted $3.73 EPS. The business’s revenue was up 1.5% compared to the same quarter last year. As a group, research analysts anticipate that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio is presently 6.34%.

Insiders Place Their Bets

In other Toll Brothers news, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were 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 in the company, valued at approximately $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 216,257 shares of company stock worth $32,602,152. Company insiders own 1.54% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on TOL. Barclays boosted their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Royal Bank of Canada boosted their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Finally, Evercore ISI boosted their target price on shares of Toll Brothers from $177.00 to $180.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $148.87.

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.