Toll Brothers, Inc. (NYSE:TOL) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Toll Brothers, Inc. (NYSE:TOL) by 15.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,154 shares of the construction company’s stock after purchasing an additional 281 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Toll Brothers were worth $333,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TOL. Fifth Third Bancorp raised its stake in shares of Toll Brothers by 11.2% in the 2nd quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after acquiring an additional 82 shares during the period. First Citizens Bank & Trust Co. boosted its holdings in shares of Toll Brothers by 3.7% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock valued at $363,000 after buying an additional 83 shares during the period. Clifford Swan Investment Counsel LLC boosted its holdings in shares of Toll Brothers by 5.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after buying an additional 89 shares during the period. J.Safra Asset Management Corp boosted its holdings in shares of Toll Brothers by 21.5% in the 2nd quarter. J.Safra Asset Management Corp now owns 509 shares of the construction company’s stock valued at $59,000 after buying an additional 90 shares during the period. Finally, Diversified Trust Co boosted its holdings in shares of Toll Brothers by 1.7% in the 2nd quarter. Diversified Trust Co now owns 5,926 shares of the construction company’s stock valued at $683,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insiders Place Their Bets

In other news, Director John A. Mclean sold 1,000 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was 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. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,257 shares of company stock valued at $32,602,152. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 1.1 %

TOL stock opened at $150.71 on Tuesday. The stock has a market capitalization of $15.47 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 1.20 and a beta of 1.66. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 12 month low of $68.33 and a 12 month high of $160.12. The firm has a 50-day moving average price of $147.92 and a 200-day moving average price of $131.70.

Toll Brothers (NYSE:TOL) last released its 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 business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.73 EPS. As a group, equities research analysts anticipate that Toll Brothers, Inc. will post 13.53 EPS for the current fiscal year.

Toll Brothers Dividend Announcement

The company 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 was Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.61%. Toll Brothers’s payout ratio is 6.28%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TOL shares. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Evercore ISI boosted their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Citigroup cut their price target on shares of Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a report on Tuesday, July 2nd. Wells Fargo & Company boosted their price objective on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, StockNews.com downgraded shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Toll Brothers currently has a consensus rating of “Moderate Buy” and a consensus price target of $148.87.

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.