Raymond James Financial Services Advisors Inc. cut its stake in Toll Brothers Inc. (NYSE:TOL) by 25.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,923 shares of the construction company’s stock after selling 45,861 shares during the period. Raymond James Financial Services Advisors Inc. owned 0.09% of Toll Brothers worth $5,678,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. NewSquare Capital LLC bought a new stake in Toll Brothers during the second quarter valued at $101,000. Advisors Asset Management Inc. increased its stake in Toll Brothers by 61.6% during the second quarter. Advisors Asset Management Inc. now owns 2,667 shares of the construction company’s stock valued at $105,000 after purchasing an additional 1,017 shares during the last quarter. IFP Advisors Inc increased its stake in Toll Brothers by 369.1% during the second quarter. IFP Advisors Inc now owns 2,735 shares of the construction company’s stock valued at $108,000 after purchasing an additional 2,152 shares during the last quarter. Aviance Capital Management LLC bought a new stake in Toll Brothers during the second quarter valued at $151,000. Finally, Toronto Dominion Bank increased its stake in Toll Brothers by 5.2% during the second quarter. Toronto Dominion Bank now owns 3,896 shares of the construction company’s stock valued at $154,000 after purchasing an additional 192 shares during the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have weighed in on TOL shares. UBS AG started coverage on shares of Toll Brothers in a research note on Wednesday, October 25th. They set a “buy” rating and a $50.00 target price for the company. BidaskClub lowered shares of Toll Brothers from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. KeyCorp upgraded shares of Toll Brothers from a “sector weight” rating to an “overweight” rating and upped their price target for the stock from $44.55 to $52.00 in a research report on Thursday, November 2nd. They noted that the move was a valuation call. Royal Bank Of Canada restated a “buy” rating and set a $45.00 price target on shares of Toll Brothers in a research report on Wednesday, November 15th. Finally, Zacks Investment Research lowered shares of Toll Brothers from a “buy” rating to a “hold” rating in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. Toll Brothers presently has a consensus rating of “Hold” and an average target price of $44.00.

In other Toll Brothers news, Director Richard J. Braemer sold 7,500 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $37.88, for a total value of $284,100.00. Following the completion of the sale, the director now directly owns 110,373 shares of the company’s stock, valued at approximately $4,180,929.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Richard T. Hartman sold 20,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $47.00, for a total transaction of $940,000.00. The disclosure for this sale can be found here. Insiders sold a total of 72,187 shares of company stock valued at $3,124,490 in the last quarter. 8.78% of the stock is currently owned by insiders.

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Toll Brothers Inc. (NYSE TOL) opened at $46.99 on Tuesday. The stock has a market cap of $7,440.00, a PE ratio of 17.47, a P/E/G ratio of 1.01 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. Toll Brothers Inc. has a 12-month low of $28.93 and a 12-month high of $47.45.

Toll Brothers (NYSE:TOL) last announced its earnings results on Tuesday, August 22nd. The construction company reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.19. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.51 billion. Toll Brothers had a net margin of 8.12% and a return on equity of 10.44%. Toll Brothers’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. equities analysts forecast that Toll Brothers Inc. will post 3.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a $0.08 dividend. The ex-dividend date was Thursday, October 12th. This represents a $0.32 dividend on an annualized basis and a yield of 0.68%. Toll Brothers’s dividend payout ratio is presently 11.94%.

Toll Brothers Company 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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