Toll Brothers, Inc. (NYSE:TOL) Shares Sold by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. lowered its holdings in Toll Brothers, Inc. (NYSE:TOL) by 7.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,778 shares of the construction company’s stock after selling 712 shares during the quarter. Toll Brothers accounts for 0.7% of Lifestyle Asset Management Inc.’s holdings, making the stock its 21st biggest position. Lifestyle Asset Management Inc.’s holdings in Toll Brothers were worth $1,356,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Toll Brothers in the 2nd quarter valued at $29,000. Massmutual Trust Co. FSB ADV raised its position in shares of Toll Brothers by 114.5% in 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. Allspring Global Investments Holdings LLC boosted its stake in shares of Toll Brothers by 202.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock worth $38,000 after acquiring an additional 223 shares in the last quarter. UMB Bank n.a. grew its position in shares of 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 acquiring an additional 207 shares during the period. Finally, Hobbs Group Advisors LLC acquired a new position in 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, CEO Douglas C. Jr. Yearley sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $158.23, for a total transaction of $3,955,750.00. Following the transaction, the chief executive officer now directly owns 221,382 shares in the company, valued at $35,029,273.86. 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 is available at the SEC website. In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 87,584 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $147.49, for a total transaction of $12,917,764.16. Following the sale, the chief executive officer now owns 346,382 shares in the company, valued at $51,087,881.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $158.23, for a total value of $3,955,750.00. Following the completion of the transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at $35,029,273.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 216,257 shares of company stock worth $32,602,152. Insiders own 1.54% of the company’s stock.

Analyst Upgrades and Downgrades

TOL has been the subject of several research analyst reports. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $142.00 target price on shares of Toll Brothers in a research note on Wednesday, August 21st. Barclays lifted their target price 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. Royal Bank of Canada upped their price target on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Bank of America boosted their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Oppenheimer raised their target price on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Toll Brothers has an average rating of “Moderate Buy” and an average target price of $148.87.

Toll Brothers Trading Up 1.7 %

Shares of Toll Brothers stock opened at $153.94 on Friday. The stock has a 50 day moving average of $149.40 and a 200 day moving average of $133.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.57 and a current ratio of 4.52. The firm has a market capitalization of $15.54 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 1.13 and a beta of 1.68. Toll Brothers, Inc. has a fifty-two week low of $78.32 and a fifty-two week high of $160.12.

Toll Brothers (NYSE:TOL) last issued its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.31 by $0.29. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period last year, the company earned $3.73 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. As a group, research analysts predict that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors 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 0.60%. Toll Brothers’s payout ratio is currently 6.34%.

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.