Atria Investments Inc Has $397,000 Stake in Toll Brothers, Inc. (NYSE:TOL)

Atria Investments Inc grew its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 22.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,569 shares of the construction company’s stock after acquiring an additional 466 shares during the period. Atria Investments Inc’s holdings in Toll Brothers were worth $397,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Toll Brothers during the 3rd quarter worth about $27,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toll Brothers in the 2nd quarter valued at about $29,000. Massmutual Trust Co. FSB ADV grew 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 stake in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after buying an additional 207 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after buying an additional 223 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total value of $3,826,250.00. Following the completion of the transaction, the chief executive officer now directly owns 296,382 shares in the company, valued at approximately $45,361,265.10. The trade was a 7.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 value of $3,248,587.44. Following the transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at $2,109,224.88. This trade represents a 60.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 128,673 shares of company stock worth $19,684,387. Corporate insiders own 1.54% of the company’s stock.

Wall Street Analyst Weigh In

TOL has been the topic of several recent research reports. StockNews.com cut shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Oppenheimer raised their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Barclays raised their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Wells Fargo & Company raised their price target 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, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Toll Brothers presently has an average rating of “Moderate Buy” and an average price target of $148.87.

Toll Brothers Trading Up 0.5 %

Shares of TOL stock opened at $152.70 on Friday. The company’s fifty day simple moving average is $151.76 and its two-hundred day simple moving average is $135.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers, Inc. has a 1 year low of $84.40 and a 1 year high of $160.12. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 1.14 and a beta of 1.68.

Toll Brothers (NYSE:TOL) last issued its 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. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.73 EPS. As a group, analysts anticipate that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were issued a $0.23 dividend. The ex-dividend date was Friday, October 11th. This represents a $0.92 annualized dividend and a dividend yield of 0.60%. Toll Brothers’s payout ratio is currently 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.