Algert Global LLC Sells 25,937 Shares of Toll Brothers, Inc. (NYSE:TOL)

Algert Global LLC lowered its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 32.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,699 shares of the construction company’s stock after selling 25,937 shares during the quarter. Algert Global LLC’s holdings in Toll Brothers were worth $8,450,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. TCW Group Inc. increased its holdings in Toll Brothers by 27.9% in the second quarter. TCW Group Inc. now owns 75,646 shares of the construction company’s stock valued at $8,713,000 after purchasing 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 valued at $5,453,000 after purchasing an additional 14,092 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Toll Brothers by 38.7% in the first quarter. Lazard Asset Management LLC now owns 194,111 shares of the construction company’s stock valued at $25,111,000 after purchasing an additional 54,196 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 valued at $1,647,000 after purchasing an additional 10,643 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Toll Brothers by 14.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,571 shares of the construction company’s stock valued at $7,319,000 after acquiring an additional 6,998 shares during the period. Institutional investors own 91.76% of the company’s stock.

Toll Brothers Stock Performance

Shares of NYSE TOL opened at $157.59 on Friday. The stock has a 50 day moving average price of $152.07 and a 200 day moving average price of $136.15. Toll Brothers, Inc. has a 52 week low of $84.40 and a 52 week high of $160.12. 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 stock has a market capitalization of $15.91 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.14 and a beta of 1.68.

Toll Brothers Announces Dividend

The business 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 of this dividend was Friday, October 11th. This represents a $0.92 annualized dividend and a yield of 0.58%. Toll Brothers’s dividend payout ratio (DPR) is presently 6.34%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TOL. Seaport Res Ptn cut Toll Brothers from a “hold” rating to a “strong sell” rating in a research note on Sunday, August 4th. Royal Bank of Canada boosted their target price on Toll Brothers from $130.00 to $143.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Bank of America boosted their target price on Toll Brothers from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, September 19th. Barclays boosted their target price on Toll Brothers from $116.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, August 22nd. Finally, StockNews.com cut Toll Brothers from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently 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, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 14,721 shares in the company, valued at $2,109,224.88. This represents a 60.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John A. Mclean sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of 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. Over the last ninety days, insiders sold 128,673 shares of company stock valued at $19,684,387. Insiders own 1.54% of the company’s stock.

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.