Toll Brothers Inc. $TOL Stock Holdings Trimmed by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in Toll Brothers Inc. (NYSE:TOL) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 261,455 shares of the construction company’s stock after selling 4,711 shares during the quarter. Rhumbline Advisers’ holdings in Toll Brothers were worth $29,840,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in Toll Brothers by 31.3% in the second quarter. Franklin Resources Inc. now owns 58,111 shares of the construction company’s stock worth $6,632,000 after purchasing an additional 13,853 shares during the period. Brandywine Global Investment Management LLC lifted its stake in shares of Toll Brothers by 12.1% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 171,376 shares of the construction company’s stock worth $19,559,000 after acquiring an additional 18,526 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of Toll Brothers in the second quarter valued at approximately $1,462,000. GDS Wealth Management increased its stake in shares of Toll Brothers by 35.1% during the second quarter. GDS Wealth Management now owns 79,457 shares of the construction company’s stock valued at $9,068,000 after acquiring an additional 20,651 shares during the period. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Toll Brothers by 1.0% during the second quarter. TD Waterhouse Canada Inc. now owns 14,254 shares of the construction company’s stock valued at $1,683,000 after acquiring an additional 143 shares during the period. 91.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on TOL. Citigroup increased their price target on Toll Brothers from $138.00 to $147.00 and gave the company a “neutral” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada upped 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. Keefe, Bruyette & Woods lifted their target price on Toll Brothers from $143.00 to $145.00 and gave the stock a “market perform” rating in a report on Thursday, August 28th. Argus boosted their price target on shares of Toll Brothers from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Finally, Bank of America reduced their price objective on shares of Toll Brothers from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 10th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Toll Brothers presently has a consensus rating of “Moderate Buy” and an average price target of $149.43.

Insider Buying and Selling

In related news, Director Paul E. Shapiro sold 3,812 shares of the company’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $147.65, for a total value of $562,841.80. Following the completion of the sale, the director owned 118,753 shares in the company, valued at approximately $17,533,880.45. This represents a 3.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas C. Jr. Yearley sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $138.26, for a total transaction of $3,456,500.00. Following the completion of the transaction, the chief executive officer directly owned 286,117 shares of the company’s stock, valued at $39,558,536.42. This represents a 8.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.54% of the stock is owned by insiders.

Toll Brothers Trading Up 1.6%

NYSE:TOL opened at $140.53 on Thursday. The stock has a fifty day simple moving average of $134.64 and a 200 day simple moving average of $125.77. The firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.60 and a beta of 1.37. Toll Brothers Inc. has a 1-year low of $86.67 and a 1-year 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.

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 given a $0.25 dividend. 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 (DPR) is 7.35%.

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.