7,611 Toll Brothers Inc. $TOL Shares Sold by Lyell Wealth Management LP

Lyell Wealth Management LP decreased its holdings in shares of Toll Brothers Inc. (NYSE:TOL – Free Report) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 98,176 shares of the construction company’s stock after selling 7,611 shares during the quarter. Lyell Wealth Management LP owned 0.11% of Toll Brothers worth $13,229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Integrity Alliance LLC. grew its holdings in shares of Toll Brothers by 1.6% during the 3rd quarter. Integrity Alliance LLC. now owns 10,283 shares of the construction company’s stock valued at $1,386,000 after purchasing an additional 166 shares during the last quarter. Next Level Wealth Planning LLC acquired a new position in Toll Brothers during the 3rd quarter worth approximately $48,000. One Way Holdings LLC increased its position in Toll Brothers by 10.5% during the 3rd quarter. One Way Holdings LLC now owns 124,865 shares of the construction company’s stock worth $16,826,000 after purchasing an additional 11,914 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in Toll Brothers by 9.9% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 89,596 shares of the construction company’s stock worth $12,073,000 after purchasing an additional 8,045 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in Toll Brothers by 19.5% in the 3rd quarter. Greenleaf Trust now owns 2,210 shares of the construction company’s stock valued at $298,000 after purchasing an additional 361 shares during the last quarter. Institutional investors own 91.76% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the topic of a number of research analyst reports. Melius Research began coverage on shares of Toll Brothers in a research report on Tuesday, October 6th. They issued a “buy” rating and a $179.00 target price on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Toll Brothers from $161.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Citigroup lowered their price target on shares of Toll Brothers from $179.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, October 15th. Barclays dropped their price target on Toll Brothers from $122.00 to $118.00 and set an “underweight” rating for the company in a research note on Tuesday, October 6th. Finally, Weiss Ratings upgraded Toll Brothers from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.40.

Get Our Latest Analysis on Toll Brothers

Insider Buying and Selling at Toll Brothers

In related news, Director Stephen East sold 800 shares of the business’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $135.99, for a total value of $108,792.00. Following the sale, the director owned 12,642 shares of the company’s stock, valued at $1,719,185.58. The trade was a 5.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.37% of the stock is currently owned by corporate insiders.

Toll Brothers Stock Down 2.6%

Shares of NYSE TOL opened at $149.31 on Wednesday. The company has a 50 day simple moving average of $138.05 and a 200 day simple moving average of $144.22. The firm has a market cap of $13.76 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. Toll Brothers Inc. has a 1 year low of $123.14 and a 1 year high of $168.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 4.53 and a quick ratio of 0.55.

Toll Brothers (NYSE:TOL – Get Free Report) last posted its earnings results on Tuesday, August 18th. The construction company reported $2.97 EPS for the quarter, topping the consensus estimate of $2.93 by $0.04. Toll Brothers had a net margin of 11.14% and a return on equity of 14.21%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the company earned $3.73 EPS. The firm’s revenue was down 9.7% compared to the same quarter last year. On average, research analysts forecast that Toll Brothers Inc. will post 12.80 EPS for the current year.

Toll Brothers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, October 9th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, October 9th. Toll Brothers’s payout ratio is 8.35%.

Toll Brothers Company Profile

(Free Report)

Toll Brothers, Inc is a luxury homebuilding company that designs, builds, markets and sells residential properties in the United States. Its portfolio includes single-family detached homes, townhomes, condominiums and luxury residences, along with active-adult communities and urban high-rise developments in select markets.

The company also provides related services through businesses involved in mortgage lending, title insurance and settlement services. Toll Brothers serves a range of buyers, including first-time, move-up, luxury and active-adult home purchasers, and offers customization options through its design studios and other customer-service operations.

Founded in 1967 by Robert I.

Further Reading

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Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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