First Trust Direct Indexing L.P. Has $786,000 Stock Holdings in Toll Brothers, Inc. (NYSE:TOL)

First Trust Direct Indexing L.P. raised its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 1.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,089 shares of the construction company’s stock after purchasing an additional 72 shares during the period. First Trust Direct Indexing L.P.’s holdings in Toll Brothers were worth $786,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Trajan Wealth LLC grew its holdings in Toll Brothers by 5.7% during the third quarter. Trajan Wealth LLC now owns 2,224 shares of the construction company’s stock valued at $344,000 after purchasing an additional 119 shares during the last quarter. Pallas Capital Advisors LLC grew its holdings in Toll Brothers by 19.7% during the third quarter. Pallas Capital Advisors LLC now owns 2,825 shares of the construction company’s stock valued at $426,000 after purchasing an additional 464 shares during the last quarter. Old Port Advisors grew its holdings in Toll Brothers by 14.8% during the third quarter. Old Port Advisors now owns 2,049 shares of the construction company’s stock valued at $317,000 after purchasing an additional 264 shares during the last quarter. Custom Index Systems LLC grew its holdings in Toll Brothers by 44.8% during the third quarter. Custom Index Systems LLC now owns 5,520 shares of the construction company’s stock valued at $853,000 after purchasing an additional 1,709 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Toll Brothers by 5.3% in the third quarter. State of Alaska Department of Revenue now owns 11,921 shares of the construction company’s stock valued at $1,841,000 after acquiring an additional 605 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Toll Brothers stock opened at $146.50 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The stock has a fifty day moving average price of $148.74 and a two-hundred day moving average price of $132.52. Toll Brothers, Inc. has a 52-week low of $76.50 and a 52-week high of $160.12. The firm has a market capitalization of $14.79 billion, a P/E ratio of 10.10, a P/E/G ratio of 1.19 and a beta of 1.66.

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

Toll Brothers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were paid a $0.23 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.63%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Wall Street Analyst Weigh In

TOL has been the subject of several research reports. Barclays increased their price objective on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Seaport Res Ptn cut Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Oppenheimer increased their price objective on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Bank of America increased their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, Wells Fargo & Company increased their price objective 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 investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.87.

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value 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 through this link. In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at approximately $38,068,482.82. 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 through this link. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of Toll Brothers stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total value of $12,917,764.16. Following the completion of the sale, the chief executive officer now owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The trade was 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. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Company 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.