Paloma Partners Management Co Makes New $890,000 Investment in Toll Brothers, Inc. (NYSE:TOL)

Paloma Partners Management Co purchased a new stake in shares of Toll Brothers, Inc. (NYSE:TOL) in the third quarter, according to its most recent filing with the SEC. The firm purchased 5,758 shares of the construction company’s stock, valued at approximately $890,000.

Several other institutional investors have also modified their holdings of TOL. Larson Financial Group LLC boosted its position in Toll Brothers by 57.9% during the third quarter. Larson Financial Group LLC now owns 180 shares of the construction company’s stock worth $28,000 after purchasing an additional 66 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Toll Brothers by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,089 shares of the construction company’s stock valued at $786,000 after buying an additional 72 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Toll Brothers by 11.2% during the second quarter. Fifth Third Bancorp now owns 814 shares of the construction company’s stock valued at $94,000 after acquiring an additional 82 shares during the last quarter. First Citizens Bank & Trust Co. increased its position in Toll Brothers by 3.7% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,351 shares of the construction company’s stock worth $363,000 after purchasing an additional 83 shares in the last quarter. Finally, Clifford Swan Investment Counsel LLC raised its stake in Toll Brothers by 5.1% in the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 1,839 shares of the construction company’s stock valued at $212,000 after purchasing an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on TOL shares. Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the stock an “overweight” rating in a research note on Friday, September 27th. Barclays lifted their target price on shares of Toll Brothers from $116.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, August 22nd. Oppenheimer increased their price target on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Bank of America lifted their price objective on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, Royal Bank of Canada raised their price target on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.87.

Insider Activity at Toll Brothers

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 50,000 shares of the stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $154.51, for a total value of $7,725,500.00. Following the completion of the sale, the chief executive officer now owns 246,382 shares of the company’s stock, valued at $38,068,482.82. This trade represents a 16.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John A. Mclean sold 1,000 shares of Toll Brothers stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total transaction 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 9.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 106,000 shares of company stock worth $16,435,800. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

TOL opened at $163.91 on Tuesday. Toll Brothers, Inc. has a 52-week low of $86.38 and a 52-week high of $169.52. The company has a 50 day moving average of $153.72 and a two-hundred day moving average of $137.83. The company has a market cap of $16.55 billion, a P/E ratio of 11.30, a P/E/G ratio of 1.24 and a beta of 1.69. The company has a quick ratio of 0.57, a current ratio of 4.52 and a debt-to-equity ratio of 0.38.

Toll Brothers Announces Dividend

The firm also recently declared 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 was Friday, October 11th. This represents a $0.92 dividend on an annualized basis and a yield of 0.56%. Toll Brothers’s dividend payout ratio (DPR) is 6.34%.

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.