Navellier & Associates Inc. Cuts Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

Navellier & Associates Inc. reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 8.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,906 shares of the construction company’s stock after selling 8,544 shares during the period. Toll Brothers accounts for approximately 1.9% of Navellier & Associates Inc.’s portfolio, making the stock its 9th biggest holding. Navellier & Associates Inc. owned 0.09% of Toll Brothers worth $13,735,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Foundry Partners LLC bought a new position in shares of Toll Brothers in the third quarter worth about $210,000. Intech Investment Management LLC increased its stake in shares of Toll Brothers by 27.0% in the third quarter. Intech Investment Management LLC now owns 24,085 shares of the construction company’s stock worth $3,721,000 after purchasing an additional 5,119 shares during the period. Moors & Cabot Inc. increased its stake in shares of Toll Brothers by 22.9% in the third quarter. Moors & Cabot Inc. now owns 2,334 shares of the construction company’s stock worth $363,000 after purchasing an additional 435 shares during the period. Darwin Wealth Management LLC bought a new position in shares of Toll Brothers in the third quarter worth about $261,000. Finally, Jennison Associates LLC grew its position in Toll Brothers by 35.1% during the third quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock worth $136,614,000 after buying an additional 229,603 shares in the last quarter. 91.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of recent research reports. Oppenheimer lifted their target price on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a report on Wednesday, August 21st. Wedbush raised Toll Brothers from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $148.00 to $175.00 in a report on Friday, October 25th. Bank of America lifted their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Finally, Wells Fargo & Company lifted their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Two equities research 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 company. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus price target of $148.87.

Toll Brothers Stock Down 0.7 %

NYSE:TOL opened at $150.81 on Thursday. The stock’s fifty day moving average price is $151.76 and its two-hundred day moving average price is $135.82. Toll Brothers, Inc. has a 52-week low of $84.40 and a 52-week high of $160.12. 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 company has a market cap of $15.23 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 1.14 and a beta of 1.68.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.73 EPS. On average, analysts anticipate that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were 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 was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is currently 6.34%.

Insider Activity

In related news, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. This trade represents a 60.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. The trade was a 10.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock valued at $32,602,152 in the last 90 days. 1.54% of the stock is owned by company insiders.

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.