Quantinno Capital Management LP Has $9.38 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Quantinno Capital Management LP increased its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 15.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 60,681 shares of the construction company’s stock after buying an additional 8,107 shares during the quarter. Quantinno Capital Management LP’s holdings in Toll Brothers were worth $9,375,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TCW Group Inc. increased its stake in shares of Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock worth $8,713,000 after acquiring an additional 16,503 shares during the last quarter. Chartwell Investment Partners LLC increased its holdings in Toll Brothers by 66.5% in the third quarter. Chartwell Investment Partners LLC now owns 35,295 shares of the construction company’s stock worth $5,453,000 after buying an additional 14,092 shares during the last quarter. Avior Wealth Management LLC increased its holdings in Toll Brothers by 4,894.1% in the third quarter. Avior Wealth Management LLC now owns 3,396 shares of the construction company’s stock worth $525,000 after buying an additional 3,328 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Toll Brothers by 62,605.9% in the third quarter. International Assets Investment Management LLC now owns 10,660 shares of the construction company’s stock worth $1,647,000 after buying an additional 10,643 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Toll Brothers by 549.5% in the second quarter. SG Americas Securities LLC now owns 21,199 shares of the construction company’s stock worth $2,442,000 after buying an additional 17,935 shares during the last quarter. 91.76% of the stock is owned by hedge funds and other institutional investors.

Toll Brothers Stock Performance

Toll Brothers stock opened at $154.15 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. The stock has a fifty day moving average price of $154.09 and a two-hundred day moving average price of $138.29. Toll Brothers, Inc. has a 52-week low of $88.79 and a 52-week high of $169.52. The firm has a market capitalization of $15.56 billion, a P/E ratio of 10.62, a P/E/G ratio of 1.21 and a beta of 1.69.

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. 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 dividend payout ratio (DPR) is presently 6.34%.

Insider Activity

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of Toll Brothers stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $153.05, for a total value of $3,826,250.00. Following the completion of the sale, the chief executive officer now directly owns 296,382 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $155.44, for a total value of $777,200.00. Following the transaction, the chief financial officer now owns 9,721 shares in the company, valued at approximately $1,511,032.24. This trade represents a 33.97 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,000 shares of company stock worth $16,435,800. 1.54% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com downgraded Toll Brothers from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Oppenheimer increased their price objective on Toll Brothers from $168.00 to $189.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Bank of America increased their price objective on Toll Brothers from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Wells Fargo & Company upped 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. Finally, Royal Bank of Canada upped their target price on Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Two 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.