Wilmington Savings Fund Society FSB Purchases 3,570 Shares of Toll Brothers, Inc. (NYSE:TOL)

Wilmington Savings Fund Society FSB raised its position in shares of Toll Brothers, Inc. (NYSE:TOL) by 39.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,559 shares of the construction company’s stock after buying an additional 3,570 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Toll Brothers were worth $1,940,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TOL. World Investment Advisors LLC purchased a new position in shares of Toll Brothers in the 3rd quarter worth $12,506,000. Virtu Financial LLC lifted its holdings in shares of Toll Brothers by 175.5% in the 3rd quarter. Virtu Financial LLC now owns 8,477 shares of the construction company’s stock valued at $1,310,000 after acquiring an additional 5,400 shares during the last quarter. Invst LLC bought a new stake in Toll Brothers during the third quarter worth approximately $262,000. TCW Group Inc. boosted its holdings in shares of Toll Brothers by 3.1% in the 3rd quarter. TCW Group Inc. now owns 77,974 shares of the construction company’s stock worth $12,046,000 after purchasing an additional 2,328 shares during the period. Finally, Toronto Dominion Bank lifted its position in Toll Brothers by 59.9% in the third quarter. Toronto Dominion Bank now owns 3,197 shares of the construction company’s stock worth $494,000 after buying an additional 1,197 shares during the last quarter. 91.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was 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 in the company, valued at $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 5,000 shares of Toll Brothers 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 sale, the chief financial officer now directly owns 9,721 shares of the company’s stock, valued at approximately $1,511,032.24. This represents a 33.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,000 shares of company stock worth $16,435,800 in the last three months. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Price Performance

Shares of TOL opened at $133.86 on Friday. The company has a 50 day moving average of $153.40 and a two-hundred day moving average of $139.08. The company has a quick ratio of 0.57, a current ratio of 4.92 and a debt-to-equity ratio of 0.37. Toll Brothers, Inc. has a twelve month low of $95.46 and a twelve month high of $169.52. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.07 and a beta of 1.69.

Toll Brothers (NYSE:TOL) last announced its earnings results on Monday, December 9th. The construction company reported $4.63 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.29. Toll Brothers had a return on equity of 19.64% and a net margin of 14.48%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same period in the previous year, the business earned $4.11 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts predict that Toll Brothers, Inc. will post 14.55 earnings per share for the current fiscal year.

Toll Brothers Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, January 10th. Toll Brothers’s payout ratio is currently 6.12%.

Analyst Ratings Changes

TOL has been the subject of several analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $150.00 target price (down previously from $166.00) on shares of Toll Brothers in a report on Friday. Wells Fargo & Company boosted their price objective on Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 27th. Evercore ISI lifted their target price on Toll Brothers from $181.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday. Royal Bank of Canada upped their price target on shares of Toll Brothers from $143.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Keefe, Bruyette & Woods lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $168.00 to $164.00 in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $152.53.

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.