Toll Brothers Inc. $TOL Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its holdings in shares of Toll Brothers Inc. (NYSE:TOL) by 5.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 21,540 shares of the construction company’s stock after selling 1,354 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Toll Brothers were worth $2,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in Toll Brothers by 57.9% during the 1st quarter. Envestnet Asset Management Inc. now owns 49,536 shares of the construction company’s stock worth $5,231,000 after buying an additional 18,163 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Toll Brothers by 152.6% during the first quarter. Larson Financial Group LLC now owns 293 shares of the construction company’s stock worth $31,000 after acquiring an additional 177 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Toll Brothers by 11.3% in the 1st quarter. Private Advisor Group LLC now owns 43,544 shares of the construction company’s stock worth $4,598,000 after acquiring an additional 4,434 shares during the period. Kestra Private Wealth Services LLC lifted its position in Toll Brothers by 33.0% in the 1st quarter. Kestra Private Wealth Services LLC now owns 3,531 shares of the construction company’s stock valued at $373,000 after purchasing an additional 877 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in Toll Brothers by 107.4% during the 1st quarter. IFP Advisors Inc now owns 2,729 shares of the construction company’s stock valued at $288,000 after purchasing an additional 1,413 shares during the period. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on TOL. Argus raised their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, September 5th. Raymond James Financial reissued a “strong-buy” rating and issued a $160.00 price objective (up from $130.00) on shares of Toll Brothers in a report on Monday, August 25th. Keefe, Bruyette & Woods lifted their target price on Toll Brothers from $143.00 to $145.00 and gave the company a “market perform” rating in a research note on Thursday, August 28th. Wells Fargo & Company increased their price target on Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Monday, August 18th. Finally, Royal Bank Of Canada raised their price target on Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $149.43.

Toll Brothers Stock Down 0.4%

Shares of TOL stock opened at $126.23 on Wednesday. Toll Brothers Inc. has a 1 year low of $86.67 and a 1 year high of $169.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.51 and a current ratio of 4.38. The business’s fifty day moving average is $135.91 and its 200-day moving average is $124.70. The stock has a market cap of $12.17 billion, a PE ratio of 9.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 19th. The construction company reported $3.73 earnings per share for the quarter, beating the consensus estimate of $3.59 by $0.14. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.86 billion. Toll Brothers had a return on equity of 17.42% and a net margin of 12.64%.The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.60 earnings per share. Equities analysts expect that Toll Brothers Inc. will post 13.83 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were given a dividend of $0.25 per share. The ex-dividend date was Friday, October 10th. This represents a $1.00 annualized dividend and a dividend yield of 0.8%. Toll Brothers’s dividend payout ratio (DPR) is 7.35%.

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $138.26, for a total value of $3,456,500.00. Following the transaction, the chief executive officer owned 286,117 shares of the company’s stock, valued at $39,558,536.42. The trade was a 8.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Robert Parahus sold 9,831 shares of the stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $130.84, for a total transaction of $1,286,288.04. Following the sale, the chief operating officer directly owned 19,692 shares of the company’s stock, valued at approximately $2,576,501.28. This represents a 33.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 38,643 shares of company stock worth $5,305,630. Corporate insiders own 1.54% of the company’s stock.

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.