De Lisle Partners LLP Grows Holdings in Toll Brothers, Inc. (NYSE:TOL)

De Lisle Partners LLP grew its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 10.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,000 shares of the construction company’s stock after purchasing an additional 2,000 shares during the quarter. De Lisle Partners LLP’s holdings in Toll Brothers were worth $3,398,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Toll Brothers by 97.7% in the 3rd quarter. FMR LLC now owns 2,118,459 shares of the construction company’s stock worth $327,281,000 after buying an additional 1,046,758 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Toll Brothers in the third quarter worth about $111,562,000. Pacer Advisors Inc. grew 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 acquiring an additional 541,140 shares in the last quarter. Point72 Asset Management L.P. increased its position in Toll Brothers by 81.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 963,650 shares of the construction company’s stock valued at $110,993,000 after purchasing an additional 431,160 shares during the period. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in shares of Toll Brothers in the 3rd quarter valued at about $38,985,000. 91.76% of the stock is currently owned by institutional investors.

Toll Brothers Trading Up 0.4 %

NYSE TOL opened at $164.80 on Thursday. Toll Brothers, Inc. has a 12-month low of $84.40 and a 12-month high of $169.52. The company has a fifty day simple moving average of $152.99 and a two-hundred day simple moving average of $137.05. The company has a current ratio of 4.52, a quick ratio of 0.57 and a debt-to-equity ratio of 0.38. The stock has a market cap of $16.64 billion, a P/E ratio of 11.36, a P/E/G ratio of 1.26 and a beta of 1.68.

Toll Brothers Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 11th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.56%. Toll Brothers’s payout ratio is presently 6.34%.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $153.05, for a total transaction of $3,826,250.00. Following the completion of the transaction, the chief executive officer now owns 296,382 shares of the company’s stock, valued at $45,361,265.10. This trade represents a 7.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the completion of the sale, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. The trade was a 60.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,673 shares of company stock valued at $19,684,387. Company insiders own 1.54% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $142.00 price objective on shares of Toll Brothers in a research note on Wednesday, August 21st. Bank of America lifted their price target on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a report on Thursday, September 19th. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Wells Fargo & Company raised their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Finally, Barclays boosted their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.