Trust Point Inc. Invests $273,000 in Toll Brothers, Inc. (NYSE:TOL)

Trust Point Inc. acquired a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,765 shares of the construction company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC purchased a new position in shares of Toll Brothers in the 3rd quarter worth approximately $312,000. Trust Co. of Vermont acquired a new stake in Toll Brothers in the third quarter valued at approximately $154,000. Bleakley Financial Group LLC purchased a new position in Toll Brothers in the third quarter worth $265,000. Mezzasalma Advisors LLC increased its position in shares of Toll Brothers by 3.5% during the third quarter. Mezzasalma Advisors LLC now owns 26,780 shares of the construction company’s stock worth $4,137,000 after purchasing an additional 918 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its holdings in shares of Toll Brothers by 66.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 9,017 shares of the construction company’s stock valued at $1,393,000 after purchasing an additional 3,615 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. 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 upped their price objective on shares of Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Wells Fargo & Company upped their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada lifted their price objective on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $147.07.

Insider Activity

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now owns 221,382 shares in the company, valued at approximately $35,029,273.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now owns 9,944 shares of the company’s stock, valued at $1,502,538.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the completion of the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,257 shares of company stock worth $32,602,152 in the last ninety days. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Up 1.9 %

Toll Brothers stock opened at $159.58 on Friday. The business’s 50-day moving average price is $145.79 and its 200 day moving average price is $130.73. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 1.24 and a beta of 1.66. Toll Brothers, Inc. has a 52 week low of $68.08 and a 52 week high of $160.12.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a net margin of 14.63% and a return on equity of 19.82%. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same quarter last year, the company earned $3.73 EPS. The business’s revenue was up 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Toll Brothers, Inc. will post 13.51 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 11th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, October 11th. Toll Brothers’s payout ratio is currently 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.