Raymond James Financial Services Advisors Inc. Has $2.58 Million Holdings in Toll Brothers, Inc. (NYSE:TOL)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of Toll Brothers, Inc. (NYSE:TOLGet Rating) by 5.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 61,447 shares of the construction company’s stock after buying an additional 3,407 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Toll Brothers were worth $2,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of TOL. American Century Companies Inc. raised its stake in Toll Brothers by 43.9% during the 1st quarter. American Century Companies Inc. now owns 28,381 shares of the construction company’s stock valued at $1,334,000 after purchasing an additional 8,663 shares during the last quarter. MetLife Investment Management LLC raised its stake in Toll Brothers by 34.5% during the 1st quarter. MetLife Investment Management LLC now owns 74,581 shares of the construction company’s stock valued at $3,507,000 after purchasing an additional 19,135 shares during the last quarter. Panagora Asset Management Inc. raised its stake in Toll Brothers by 7.9% during the 1st quarter. Panagora Asset Management Inc. now owns 6,592 shares of the construction company’s stock valued at $310,000 after purchasing an additional 480 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Toll Brothers by 8.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,183 shares of the construction company’s stock valued at $1,936,000 after buying an additional 3,249 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Toll Brothers by 9.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 64,890 shares of the construction company’s stock valued at $3,138,000 after buying an additional 5,333 shares in the last quarter. 82.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on TOL shares. UBS Group increased their price objective on shares of Toll Brothers from $61.00 to $65.00 in a research note on Thursday, December 8th. Evercore ISI increased their price objective on shares of Toll Brothers to $63.00 in a research note on Monday, December 12th. StockNews.com upgraded shares of Toll Brothers from a “hold” rating to a “buy” rating in a research note on Thursday, January 5th. Citigroup increased their price objective on shares of Toll Brothers to $54.00 in a research note on Monday, December 12th. Finally, JPMorgan Chase & Co. upgraded shares of Toll Brothers from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $47.00 to $58.00 in a research note on Tuesday, November 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.33.

Toll Brothers Trading Up 0.2 %

Shares of Toll Brothers stock opened at $56.13 on Monday. Toll Brothers, Inc. has a 12-month low of $39.53 and a 12-month high of $67.19. The company has a 50-day simple moving average of $48.97 and a 200 day simple moving average of $46.69. The company has a quick ratio of 0.93, a current ratio of 4.80 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $6.22 billion, a P/E ratio of 5.07 and a beta of 1.33.

Toll Brothers (NYSE:TOLGet Rating) last issued its quarterly earnings data on Tuesday, December 6th. The construction company reported $4.67 EPS for the quarter, topping analysts’ consensus estimates of $3.88 by $0.79. Toll Brothers had a net margin of 12.52% and a return on equity of 21.17%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.22 billion. Research analysts expect that Toll Brothers, Inc. will post 7.84 earnings per share for the current fiscal year.

Toll Brothers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Friday, January 6th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, January 5th. Toll Brothers’s dividend payout ratio is currently 7.23%.

Insiders Place Their Bets

In other Toll Brothers news, CEO Douglas C. Jr. Yearley sold 1,359 shares of the stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $49.82, for a total transaction of $67,705.38. Following the sale, the chief executive officer now owns 159,919 shares of the company’s stock, valued at approximately $7,967,164.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Douglas C. Jr. Yearley sold 1,359 shares of the firm’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $49.82, for a total value of $67,705.38. Following the transaction, the chief executive officer now owns 159,919 shares of the company’s stock, valued at approximately $7,967,164.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin P. Connor sold 30,000 shares of the firm’s stock in a transaction dated Thursday, January 12th. The shares were sold at an average price of $55.97, for a total transaction of $1,679,100.00. Following the completion of the transaction, the chief financial officer now directly owns 31,220 shares in the company, valued at approximately $1,747,383.40. The disclosure for this sale can be found here. Insiders have sold a total of 86,765 shares of company stock valued at $4,623,971 in the last 90 days. 10.77% of the stock is currently owned by insiders.

About Toll Brothers

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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 also designs, builds, markets, and sells condominiums through Toll Brothers City Living. In addition, the company 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; develops and sells land; and develops, operates, and rents apartments, as well as provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies.

See Also

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

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