Childress Capital Advisors LLC Sells 350 Shares of Toll Brothers, Inc. (NYSE:TOL)

Childress Capital Advisors LLC cut its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 9.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,187 shares of the construction company’s stock after selling 350 shares during the period. Childress Capital Advisors LLC’s holdings in Toll Brothers were worth $492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Toll Brothers during the 2nd quarter valued at $29,000. Massmutual Trust Co. FSB ADV raised its position in Toll Brothers by 114.5% during the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after purchasing an additional 142 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Toll Brothers by 202.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after purchasing an additional 223 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Toll Brothers by 323.4% in the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares in the last quarter. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Toll Brothers in the 2nd quarter worth about $44,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In other Toll Brothers news, CFO Martin P. Connor sold 22,673 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 14,721 shares in the company, valued at approximately $2,109,224.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director John A. Mclean sold 1,000 shares of the company’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 value of $151,100.00. Following the sale, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were 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 directly owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,257 shares of company stock worth $32,602,152 over the last ninety days. 1.54% of the stock is owned by corporate insiders.

Toll Brothers Stock Performance

Shares of TOL stock opened at $147.33 on Wednesday. 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 stock has a fifty day moving average of $148.54 and a 200 day moving average of $132.11. The firm has a market capitalization of $15.12 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.20 and a beta of 1.66. Toll Brothers, Inc. has a 52 week low of $68.33 and a 52 week high of $160.12.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, beating 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 firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the firm posted $3.73 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. As a group, research analysts expect that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently announced 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 0.62%. The ex-dividend date was Friday, October 11th. Toll Brothers’s payout ratio is presently 6.28%.

Wall Street Analysts Forecast Growth

TOL has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a report on Wednesday, August 21st. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $148.00 to $175.00 in a research report on Friday, October 25th. Barclays upped their price target on shares of Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, August 22nd. Finally, Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.87.

Toll Brothers Company 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.