Eagle Asset Management Inc. Acquires 2,050 Shares of Toll Brothers, Inc. (NYSE:TOL)

Eagle Asset Management Inc. increased its holdings in shares of Toll Brothers, Inc. (NYSE:TOL) by 3.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 63,688 shares of the construction company’s stock after purchasing an additional 2,050 shares during the period. Eagle Asset Management Inc.’s holdings in Toll Brothers were worth $10,037,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TOL. Pacer Advisors Inc. raised its holdings in Toll Brothers by 34.8% during the 2nd quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock worth $241,380,000 after buying an additional 541,140 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Toll Brothers by 81.0% during the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock worth $110,993,000 after acquiring an additional 431,160 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in Toll Brothers in the 3rd quarter valued at $38,985,000. Jennison Associates LLC boosted its stake in Toll Brothers by 35.1% in the 3rd quarter. Jennison Associates LLC now owns 884,291 shares of the construction company’s stock worth $136,614,000 after purchasing an additional 229,603 shares during the period. Finally, Anchor Capital Advisors LLC bought a new position in Toll Brothers during the 2nd quarter worth about $17,740,000. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Trading Up 3.4 %

Toll Brothers stock opened at $157.59 on Friday. The stock has a 50-day simple moving average of $152.07 and a 200 day simple moving average of $136.15. The stock has a market capitalization of $15.91 billion, a P/E ratio of 10.86, a PEG ratio of 1.14 and a beta of 1.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. Toll Brothers, Inc. has a 52 week low of $84.40 and a 52 week high of $160.12.

Toll Brothers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, October 11th. Toll Brothers’s payout ratio is presently 6.34%.

Analyst Ratings Changes

TOL has been the topic of a number of research reports. Barclays boosted their price target on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, August 22nd. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Oppenheimer lifted their price objective on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Bank of America increased their target price 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $148.87.

Insider Activity at Toll Brothers

In other news, Director John A. Mclean sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was 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 in the company, valued at $1,502,538.40. The trade was a 9.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was 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 owns 14,721 shares in the company, valued at approximately $2,109,224.88. This trade represents a 60.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,673 shares of company stock worth $19,684,387. Company insiders own 1.54% of the company’s stock.

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.