Envestnet Asset Management Inc. Grows Stock Position in Toll Brothers, Inc. (NYSE:TOL)

Envestnet Asset Management Inc. increased its holdings in Toll Brothers, Inc. (NYSE:TOLGet Rating) by 1.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 33,009 shares of the construction company’s stock after purchasing an additional 542 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Toll Brothers were worth $1,472,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ceredex Value Advisors LLC lifted its holdings in Toll Brothers by 27.8% in the 2nd quarter. Ceredex Value Advisors LLC now owns 807,858 shares of the construction company’s stock valued at $36,030,000 after purchasing an additional 175,807 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in Toll Brothers by 92.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 52,800 shares of the construction company’s stock valued at $2,297,000 after purchasing an additional 25,300 shares in the last quarter. Treasurer of the State of North Carolina lifted its holdings in Toll Brothers by 15.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 46,488 shares of the construction company’s stock valued at $2,073,000 after purchasing an additional 6,300 shares in the last quarter. BW Gestao de Investimentos Ltda. lifted its holdings in Toll Brothers by 20.0% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 120,000 shares of the construction company’s stock valued at $5,352,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Xponance Inc. lifted its holdings in shares of Toll Brothers by 11.4% during the 2nd quarter. Xponance Inc. now owns 18,768 shares of the construction company’s stock worth $837,000 after acquiring an additional 1,923 shares during the period. 85.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on TOL shares. Bank of America lowered shares of Toll Brothers from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a report on Thursday, August 25th. Wedbush cut their price objective on shares of Toll Brothers from $62.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, August 25th. StockNews.com started coverage on shares of Toll Brothers in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Raymond James lowered shares of Toll Brothers from an “outperform” rating to a “market perform” rating in a report on Friday, October 21st. Finally, KeyCorp upgraded shares of Toll Brothers from an “underweight” rating to a “sector weight” rating in a report on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Toll Brothers currently has a consensus rating of “Hold” and an average price target of $51.92.

Toll Brothers Stock Up 0.6 %

TOL opened at $45.52 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.48 and a current ratio of 4.99. Toll Brothers, Inc. has a 1 year low of $39.53 and a 1 year high of $75.61. The firm has a 50 day moving average price of $43.42 and a 200 day moving average price of $45.77. The company has a market cap of $5.16 billion, a PE ratio of 5.38 and a beta of 1.38.

Toll Brothers (NYSE:TOLGet Rating) last issued its quarterly earnings data on Tuesday, August 23rd. The construction company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.05. Toll Brothers had a net margin of 10.62% and a return on equity of 18.93%. The company had revenue of $2.49 billion during the quarter, compared to the consensus estimate of $2.49 billion. During the same quarter last year, the company earned $1.87 earnings per share. Sell-side analysts expect that Toll Brothers, Inc. will post 9.31 earnings per share for the current year.

Toll Brothers Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 21st. Shareholders of record on Friday, October 7th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.76%. The ex-dividend date was Thursday, October 6th. Toll Brothers’s dividend payout ratio (DPR) is 9.46%.

Insider Buying and Selling at Toll Brothers

In other Toll Brothers news, Director Carl B. Marbach sold 1,000 shares of the stock in a transaction that occurred on Tuesday, October 11th. The shares were sold at an average price of $44.60, for a total value of $44,600.00. Following the completion of the sale, the director now owns 71,155 shares of the company’s stock, valued at $3,173,513. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.77% of the stock is owned by corporate insiders.

About Toll Brothers

(Get Rating)

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. The company operates in two segments, Traditional Home Building and City Living. It also designs, builds, markets, and sells condominiums through Toll Brothers City Living.

Featured Articles

Want to see what other hedge funds are holding TOL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Toll Brothers, Inc. (NYSE:TOLGet Rating).

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

Receive News & Ratings for Toll Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Toll Brothers and related companies with MarketBeat.com's FREE daily email newsletter.