Creative Planning Increases Stake in Toll Brothers, Inc. (NYSE:TOL)

Creative Planning raised its holdings in Toll Brothers, Inc. (NYSE:TOL) by 11.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,323 shares of the construction company’s stock after buying an additional 1,063 shares during the period. Creative Planning’s holdings in Toll Brothers were worth $1,595,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TOL. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Toll Brothers in the second quarter valued at $29,000. Massmutual Trust Co. FSB ADV boosted its stake in shares of 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 buying an additional 142 shares during the period. UMB Bank n.a. grew its position in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after buying an additional 207 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Toll Brothers by 202.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after buying an additional 223 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Toll Brothers during the second quarter worth approximately $44,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were 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 in the company, valued at $51,087,881.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, 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 value of $151,100.00. Following the completion of the transaction, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were 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 owns 346,382 shares of the company’s stock, valued at $51,087,881.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,257 shares of company stock valued at $32,602,152 over the last quarter. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Trading Down 2.2 %

Shares of Toll Brothers stock opened at $147.33 on Wednesday. The company’s fifty day moving average is $148.26 and its two-hundred day moving average is $131.92. Toll Brothers, Inc. has a 1 year low of $68.33 and a 1 year high of $160.12. 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 capitalization of $15.12 billion, a P/E ratio of 9.61, a PEG ratio of 1.20 and a beta of 1.66.

Toll Brothers (NYSE:TOL) last posted its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, beating 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 the consensus estimate of $2.71 billion. During the same period in the prior year, the business earned $3.73 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. Analysts forecast that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Announces Dividend

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. This represents a $0.92 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

Analyst Ratings Changes

Several research firms have commented on TOL. Bank of America boosted their price target on shares of Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $142.00 target price on shares of Toll Brothers in a report on Wednesday, August 21st. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Seaport Res Ptn cut Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Finally, Citigroup cut their target price on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and a consensus target price 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.