Ameritas Investment Partners Inc. Has $2.55 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Ameritas Investment Partners Inc. decreased its stake in Toll Brothers, Inc. (NYSE:TOL) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,157 shares of the construction company’s stock after selling 840 shares during the period. Ameritas Investment Partners Inc.’s holdings in Toll Brothers were worth $2,552,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TOL. PNC Financial Services Group Inc. increased its holdings in shares of Toll Brothers by 2.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 20,656 shares of the construction company’s stock worth $2,123,000 after purchasing an additional 444 shares during the period. Wells Fargo & Company MN increased its stake in Toll Brothers by 13.6% during the fourth quarter. Wells Fargo & Company MN now owns 227,495 shares of the construction company’s stock valued at $23,384,000 after acquiring an additional 27,181 shares during the period. D.A. Davidson & CO. acquired a new position in Toll Brothers in the 4th quarter valued at approximately $630,000. Assetmark Inc. raised its holdings in Toll Brothers by 193,466.7% in the 4th quarter. Assetmark Inc. now owns 5,807 shares of the construction company’s stock valued at $597,000 after acquiring an additional 5,804 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Toll Brothers by 3.8% in the 4th quarter. Franklin Resources Inc. now owns 170,581 shares of the construction company’s stock worth $17,534,000 after acquiring an additional 6,179 shares during the period. Institutional investors own 91.76% of the company’s stock.

Insider Buying and Selling

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the 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 in the company, valued at approximately $2,109,224.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the completion of the sale, the chief executive officer now directly owns 346,382 shares of the company’s stock, valued at approximately $51,087,881.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. The disclosure for this sale can be found here. 1.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TOL has been the subject of a number of recent research reports. Bank of America upped their target price on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday. Evercore ISI increased their price objective on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. StockNews.com lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Wells Fargo & Company increased their price target on shares of Toll Brothers from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Toll Brothers presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Toll Brothers Trading Down 1.8 %

Shares of TOL opened at $150.44 on Friday. 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 $15.19 billion, a price-to-earnings ratio of 10.28, a PEG ratio of 1.23 and a beta of 1.67. The stock has a fifty day moving average price of $137.63 and a two-hundred day moving average price of $126.58. Toll Brothers, Inc. has a 52-week low of $68.08 and a 52-week high of $154.62.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The business 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 earnings per share. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts predict that Toll Brothers, Inc. will post 13.31 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 11th will be issued 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 is Friday, October 11th. Toll Brothers’s dividend payout ratio is currently 6.28%.

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.