Foundry Partners LLC Invests $210,000 in Toll Brothers, Inc. (NYSE:TOL)

Foundry Partners LLC purchased a new stake in Toll Brothers, Inc. (NYSE:TOL) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,361 shares of the construction company’s stock, valued at approximately $210,000.

A number of other large investors also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in shares of Toll Brothers during the 3rd quarter worth approximately $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toll Brothers in the second quarter valued at about $29,000. Massmutual Trust Co. FSB ADV increased its stake 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 worth $31,000 after purchasing an additional 142 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after buying an additional 223 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after buying an additional 207 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $157.59 on Friday. The firm has a 50-day simple moving average of $151.91 and a two-hundred day simple moving average of $135.94. The stock has a market cap of $15.91 billion, a PE ratio of 10.86, a P/E/G ratio of 1.14 and a beta of 1.68. Toll Brothers, Inc. has a 1-year low of $84.40 and a 1-year high of $160.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57.

Toll Brothers (NYSE:TOL) last posted its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share 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 the consensus estimate of $2.71 billion. During the same quarter last year, the firm earned $3.73 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, analysts forecast that Toll Brothers, Inc. will post 13.53 EPS for the current year.

Toll Brothers Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.23 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. Toll Brothers’s dividend payout ratio is presently 6.34%.

Insider Activity at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the 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 approximately $35,029,273.86. This trade represents a 10.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $143.28, for a total value of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares of the company’s stock, valued at $2,109,224.88. The trade was a 60.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,673 shares of company stock worth $19,684,387 in the last three months. 1.54% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TOL. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $142.00 target price on shares of Toll Brothers in a research report on Wednesday, August 21st. Bank of America upped their target price on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Royal Bank of Canada raised their price target 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. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $148.00 to $175.00 in a report on Friday, October 25th. Finally, Wells Fargo & Company upped their price target on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently 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.