Kesler Norman & Wride LLC Lowers Position in Toll Brothers, Inc. (NYSE:TOL)

Kesler Norman & Wride LLC trimmed its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 12.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,926 shares of the construction company’s stock after selling 407 shares during the quarter. Kesler Norman & Wride LLC’s holdings in Toll Brothers were worth $452,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Register Financial Advisors LLC acquired a new position in shares of Toll Brothers during the first quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toll Brothers in the 2nd quarter valued at $29,000. Massmutual Trust Co. FSB ADV lifted its holdings in Toll Brothers by 114.5% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in Toll Brothers in the 1st quarter valued at $34,000. Finally, Rise Advisors LLC purchased a new position in shares of Toll Brothers during the 1st quarter worth $35,000. 91.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Toll Brothers

In other news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 246,382 shares of the company’s stock, valued at approximately $38,068,482.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $143.28, for a total value of $3,248,587.44. Following the completion of the transaction, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 191,257 shares of company stock valued at $28,646,402 in the last quarter. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wedbush raised their price objective on Toll Brothers from $120.00 to $148.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 27th. Wells Fargo & Company lifted their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Oppenheimer boosted their target price on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Bank of America boosted their target price on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $147.07.

Toll Brothers Stock Up 0.5 %

Shares of Toll Brothers stock opened at $151.17 on Wednesday. The stock’s fifty day moving average is $142.17 and its 200-day moving average is $129.24. The firm has a market capitalization of $15.52 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 1.21 and a beta of 1.66. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. Toll Brothers, Inc. has a 12-month low of $68.08 and a 12-month high of $156.08.

Toll Brothers (NYSE:TOL) last posted its quarterly 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. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. Toll Brothers’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $3.73 earnings per share. Equities analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 11th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.61%. Toll Brothers’s dividend payout ratio (DPR) is 6.28%.

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.