Custom Index Systems LLC Purchases 1,709 Shares of Toll Brothers, Inc. (NYSE:TOL)

Custom Index Systems LLC lifted its holdings in Toll Brothers, Inc. (NYSE:TOL) by 44.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,520 shares of the construction company’s stock after purchasing an additional 1,709 shares during the period. Custom Index Systems LLC’s holdings in Toll Brothers were worth $853,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Register Financial Advisors LLC bought a new position in Toll Brothers in the 1st quarter worth approximately $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Toll Brothers during the second quarter worth $29,000. Massmutual Trust Co. FSB ADV increased 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 worth $31,000 after acquiring an additional 142 shares during the period. UMB Bank n.a. raised its stake in Toll Brothers by 323.4% during the 3rd quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock valued at $42,000 after purchasing an additional 207 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Toll Brothers by 202.7% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 91.76% of the company’s stock.

Insider Activity

In related news, CFO Martin P. Connor sold 22,673 shares of the business’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 completion of the transaction, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Martin P. Connor sold 22,673 shares of Toll Brothers 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $147.49, for a total value of $12,917,764.16. Following the transaction, the chief executive officer now directly owns 346,382 shares in the company, valued at $51,087,881.18. 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 valued at $32,602,152 over the last three months. 1.54% of the stock is owned by insiders.

Toll Brothers Price Performance

TOL traded down $1.69 during trading on Friday, hitting $149.02. The company’s stock had a trading volume of 868,899 shares, compared to its average volume of 1,380,607. 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 market capitalization of $15.30 billion, a price-to-earnings ratio of 10.18, a price-to-earnings-growth ratio of 1.19 and a beta of 1.66. The firm’s 50 day moving average price is $147.92 and its two-hundred day moving average price is $131.61. Toll Brothers, Inc. has a 12 month low of $68.17 and a 12 month high of $160.12.

Toll Brothers (NYSE:TOL) last released its quarterly earnings results on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.31 by $0.29. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $3.73 earnings per share. Sell-side analysts forecast that Toll Brothers, Inc. will post 13.51 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.62%. Toll Brothers’s payout ratio is 6.28%.

Analyst Ratings Changes

Several brokerages recently issued reports on TOL. Citigroup lowered their price target on Toll Brothers from $133.00 to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Wells Fargo & Company raised their target price on Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 27th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a report on Wednesday, August 21st. Finally, Bank of America raised their price objective 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 investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $148.87.

About Toll Brothers

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.