Leuthold Group LLC Sells 4,592 Shares of Toll Brothers Inc. $TOL

Leuthold Group LLC lowered its holdings in Toll Brothers Inc. (NYSE:TOL) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 54,139 shares of the construction company’s stock after selling 4,592 shares during the quarter. Leuthold Group LLC owned approximately 0.06% of Toll Brothers worth $6,179,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Greenhaven Associates Inc. raised its stake in Toll Brothers by 0.7% in the second quarter. Greenhaven Associates Inc. now owns 5,601,916 shares of the construction company’s stock worth $639,347,000 after buying an additional 39,334 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Toll Brothers by 21.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,159,289 shares of the construction company’s stock valued at $227,988,000 after acquiring an additional 375,372 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Toll Brothers by 4.0% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,011,618 shares of the construction company’s stock valued at $229,586,000 after acquiring an additional 78,035 shares during the period. AQR Capital Management LLC raised its position in shares of Toll Brothers by 17.1% in the 1st quarter. AQR Capital Management LLC now owns 1,424,689 shares of the construction company’s stock worth $146,572,000 after acquiring an additional 208,064 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Toll Brothers during the 2nd quarter worth $154,782,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.

Insider Activity at Toll Brothers

In other Toll Brothers news, Director Paul E. Shapiro sold 3,812 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $147.65, for a total transaction of $562,841.80. Following the transaction, the director owned 118,753 shares in the company, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.54% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on TOL. Evercore ISI reiterated an “in-line” rating and set a $160.00 price objective (down previously from $169.00) on shares of Toll Brothers in a research note on Tuesday, October 7th. Wells Fargo & Company lifted their price target on shares of Toll Brothers from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Monday, August 18th. Royal Bank Of Canada increased their price objective on Toll Brothers from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Raymond James Financial reissued a “strong-buy” rating and issued a $160.00 price objective (up previously from $130.00) on shares of Toll Brothers in a research report on Monday, August 25th. Finally, Citigroup boosted their target price on Toll Brothers from $138.00 to $147.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.43.

Toll Brothers Stock Performance

Shares of TOL stock opened at $139.83 on Friday. Toll Brothers Inc. has a 52-week low of $86.67 and a 52-week high of $168.17. The company has a quick ratio of 0.51, a current ratio of 4.38 and a debt-to-equity ratio of 0.36. The stock has a market cap of $13.48 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. The business has a 50-day simple moving average of $134.66 and a 200-day simple moving average of $126.21.

Toll Brothers Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Friday, October 10th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, October 10th. Toll Brothers’s dividend payout ratio is presently 7.35%.

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.