Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Toll Brothers Inc (NYSE:TOL) by 1.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 532,241 shares of the construction company’s stock after buying an additional 8,405 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.33% of Toll Brothers worth $22,072,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Teachers Advisors LLC lifted its position in Toll Brothers by 6.9% in the 1st quarter. Teachers Advisors LLC now owns 165,719 shares of the construction company’s stock valued at $5,984,000 after purchasing an additional 10,637 shares during the last quarter. NN Investment Partners Holdings N.V. lifted its position in Toll Brothers by 877.6% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 8,701 shares of the construction company’s stock valued at $344,000 after purchasing an additional 7,811 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its position in Toll Brothers by 505.1% in the 2nd quarter. Mn Services Vermogensbeheer B.V. now owns 25,087 shares of the construction company’s stock valued at $991,000 after purchasing an additional 20,941 shares during the last quarter. Aperio Group LLC lifted its position in Toll Brothers by 3.6% in the 2nd quarter. Aperio Group LLC now owns 46,157 shares of the construction company’s stock valued at $1,824,000 after purchasing an additional 1,615 shares during the last quarter. Finally, State Treasurer State of Michigan lifted its position in Toll Brothers by 1.5% in the 2nd quarter. State Treasurer State of Michigan now owns 61,000 shares of the construction company’s stock valued at $2,410,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 82.73% of the company’s stock.

Several analysts recently weighed in on TOL shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $45.00 price objective on shares of Toll Brothers in a research report on Monday, September 25th. Zacks Investment Research upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Tuesday, August 8th. UBS AG started coverage on shares of Toll Brothers in a research report on Wednesday, October 25th. They issued a “buy” rating and a $50.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $47.00 price objective on shares of Toll Brothers in a research report on Friday, October 20th. Finally, KeyCorp reiterated a “hold” rating on shares of Toll Brothers in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $44.00.

Toll Brothers Inc (TOL) traded up $0.34 during mid-day trading on Friday, hitting $48.40. 576,039 shares of the company’s stock were exchanged, compared to its average volume of 1,820,000. Toll Brothers Inc has a one year low of $29.11 and a one year high of $48.76. The company has a market cap of $7,660.00, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 1.04 and a beta of 1.55. The company has a debt-to-equity ratio of 0.84, a current ratio of 6.75 and a quick ratio of 1.10.

The business also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Friday, October 13th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, October 12th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.66%. Toll Brothers’s dividend payout ratio (DPR) is 11.94%.

In other news, President Richard T. Hartman sold 20,000 shares of Toll Brothers stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $47.00, for a total value of $940,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Richard T. Hartman sold 8,537 shares of Toll Brothers stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $46.00, for a total transaction of $392,702.00. Following the completion of the transaction, the president now directly owns 27,233 shares in the company, valued at approximately $1,252,718. The disclosure for this sale can be found here. Insiders have sold a total of 72,187 shares of company stock worth $3,124,490 over the last 90 days. 8.78% of the stock is owned by insiders.

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Toll Brothers Profile

Toll Brothers, Inc is engaged in designing, building, marketing, selling and arranging financing for detached and attached homes in luxury residential communities. The Company operates through two segments: Traditional Home Building and Toll Brothers City Living (City Living). Within the Traditional Home Building segment, it operates in five geographic segments in the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas; the West, consisting of Arizona, Colorado, Nevada and Washington, and California.

Institutional Ownership by Quarter for Toll Brothers (NYSE:TOL)

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