Jackson Hill Advisors LLC Sells 2,500 Shares of Toll Brothers, Inc. (NYSE:TOL)

Jackson Hill Advisors LLC reduced its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 2.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,500 shares of the construction company’s stock after selling 2,500 shares during the quarter. Toll Brothers accounts for approximately 6.8% of Jackson Hill Advisors LLC’s portfolio, making the stock its 9th largest holding. Jackson Hill Advisors LLC’s holdings in Toll Brothers were worth $13,363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Greenhaven Associates Inc. grew its position in Toll Brothers by 1.0% during the second quarter. Greenhaven Associates Inc. now owns 5,565,787 shares of the construction company’s stock worth $641,067,000 after buying an additional 52,893 shares during the period. Pacer Advisors Inc. grew 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 purchasing an additional 541,140 shares during the last quarter. Point72 Asset Management L.P. grew its position 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 purchasing an additional 431,160 shares during the last quarter. Marsico Capital Management LLC grew its position in shares of Toll Brothers by 24.5% in the second quarter. Marsico Capital Management LLC now owns 755,190 shares of the construction company’s stock valued at $86,983,000 after purchasing an additional 148,562 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of Toll Brothers by 18.8% in the third quarter. Victory Capital Management Inc. now owns 493,216 shares of the construction company’s stock valued at $76,197,000 after purchasing an additional 78,068 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 221,382 shares of the company’s stock, valued at approximately $35,029,273.86. This trade represents a 10.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martin P. Connor sold 22,673 shares of the firm’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 transaction, the chief financial officer now directly owns 14,721 shares in the company, valued at approximately $2,109,224.88. This represents a 60.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,257 shares of company stock valued at $32,602,152. Company insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $152.51 on Monday. 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 company has a market cap of $15.40 billion, a P/E ratio of 10.52, a P/E/G ratio of 1.14 and a beta of 1.68. Toll Brothers, Inc. has a fifty-two week low of $84.40 and a fifty-two week high of $160.12. The firm’s 50 day moving average is $151.01 and its two-hundred day moving average is $135.29.

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

Toll Brothers Announces Dividend

The firm 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 0.60%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio is presently 6.34%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TOL shares. Oppenheimer increased their price target on shares of Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. Seaport Res Ptn lowered shares of Toll Brothers from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 4th. Wedbush upgraded shares of Toll Brothers from a “neutral” rating to an “outperform” rating and increased their price target for the company from $148.00 to $175.00 in a research report on Friday, October 25th. Barclays increased 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, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $142.00 price target on shares of Toll Brothers in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.