Point72 Asia Singapore Pte. Ltd. Raises Stake in Toll Brothers, Inc. (NYSE:TOL)

Point72 Asia Singapore Pte. Ltd. raised its position in Toll Brothers, Inc. (NYSE:TOL) by 76.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,165 shares of the construction company’s stock after acquiring an additional 3,969 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Toll Brothers were worth $1,416,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TOL. Price T Rowe Associates Inc. MD lifted its position in shares of Toll Brothers by 14.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company’s stock worth $7,319,000 after buying an additional 6,998 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of Toll Brothers by 957.1% during the 1st quarter. Cetera Investment Advisers now owns 22,664 shares of the construction company’s stock worth $2,932,000 after buying an additional 20,520 shares during the last quarter. Cetera Advisors LLC purchased a new stake in shares of Toll Brothers during the 1st quarter worth approximately $733,000. GAMMA Investing LLC lifted its position in shares of Toll Brothers by 23.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,074 shares of the construction company’s stock worth $124,000 after buying an additional 201 shares during the last quarter. Finally, First Hawaiian Bank purchased a new stake in shares of Toll Brothers during the 2nd quarter worth approximately $362,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were 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 of the company’s stock, valued at approximately $35,029,273.86. This represents a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 directly owns 9,944 shares in the company, valued at approximately $1,502,538.40. The trade was a 9.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,000 shares of company stock valued at $16,435,800. Insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TOL. Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research report on Wednesday, August 21st. Oppenheimer boosted their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and upped their price target for the company from $148.00 to $175.00 in a research report on Friday, October 25th. Royal Bank of Canada upped their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Finally, Bank of America upped their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $148.87.

Toll Brothers Stock Performance

Shares of TOL opened at $165.17 on Monday. The company has a 50-day simple moving average of $153.52 and a 200-day simple moving average of $137.60. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $16.68 billion, a PE ratio of 11.38, a P/E/G ratio of 1.24 and a beta of 1.68. Toll Brothers, Inc. has a 52-week low of $84.66 and a 52-week high of $169.52.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors 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 yield of 0.56%. Toll Brothers’s payout ratio is 6.34%.

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.