Davis R M Inc. Has $25.11 Million Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Davis R M Inc. reduced its stake in Toll Brothers, Inc. (NYSE:TOL) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 162,531 shares of the construction company’s stock after selling 10,509 shares during the quarter. Davis R M Inc. owned about 0.16% of Toll Brothers worth $25,109,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Westfield Capital Management Co. LP bought a new position in shares of Toll Brothers during the third quarter worth approximately $111,562,000. Pacer Advisors Inc. boosted its position in shares of Toll Brothers by 34.8% in the second quarter. Pacer Advisors Inc. now owns 2,095,673 shares of the construction company’s stock valued at $241,380,000 after acquiring an additional 541,140 shares during the period. Point72 Asset Management L.P. grew its stake in shares of Toll Brothers by 81.0% in the second quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after acquiring an additional 431,160 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Toll Brothers during the third quarter worth about $38,985,000. Finally, Jennison Associates LLC raised 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 in the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TOL has been the topic of a number of analyst reports. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. Barclays raised their price objective on Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Wells Fargo & Company upped their target price on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Finally, Seaport Res Ptn cut shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Toll Brothers 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 firm’s stock in a transaction on 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 transaction, the director now owns 9,944 shares of the company’s stock, valued at approximately $1,502,538.40. This trade represents a 9.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 50,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $154.51, for a total transaction of $7,725,500.00. Following the completion of the sale, the chief executive officer now directly owns 246,382 shares in the company, valued at approximately $38,068,482.82. This represents a 16.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 128,673 shares of company stock valued at $19,684,387 in the last 90 days. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Price Performance

Shares of NYSE:TOL opened at $157.59 on Monday. Toll Brothers, Inc. has a one year low of $84.40 and a one year high of $160.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The company has a market cap of $15.91 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.18 and a beta of 1.68. The firm has a 50 day simple moving average of $152.07 and a 200 day simple moving average of $136.30.

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 paid a $0.23 dividend. 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 6.34%.

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.