Aviance Capital Partners LLC lifted its holdings in shares of Toll Brothers Inc (NYSE:TOL) by 161.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,114 shares of the construction company’s stock after buying an additional 25,388 shares during the period. Aviance Capital Partners LLC’s holdings in Toll Brothers were worth $1,358,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC purchased a new stake in Toll Brothers in the 3rd quarter valued at $119,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in Toll Brothers by 186.7% in the 2nd quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,300 shares of the construction company’s stock valued at $159,000 after buying an additional 2,800 shares in the last quarter. Parallel Advisors LLC grew its holdings in Toll Brothers by 1,850.4% in the 2nd quarter. Parallel Advisors LLC now owns 5,227 shares of the construction company’s stock valued at $193,000 after buying an additional 4,959 shares in the last quarter. NumerixS Investment Technologies Inc purchased a new stake in Toll Brothers in the 2nd quarter valued at $201,000. Finally, Creative Planning purchased a new stake in Toll Brothers in the 2nd quarter valued at $210,000. 82.02% of the stock is owned by institutional investors and hedge funds.

In other news, Director Edward G. Boehne sold 17,000 shares of the company’s stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $37.64, for a total value of $639,880.00. Following the transaction, the director now owns 99,598 shares of the company’s stock, valued at approximately $3,748,868.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.01% of the company’s stock.

Several analysts have issued reports on TOL shares. Deutsche Bank cut Toll Brothers from a “buy” rating to a “hold” rating and dropped their target price for the company from $51.00 to $29.00 in a report on Monday, October 22nd. Bank of America cut Toll Brothers from a “buy” rating to a “neutral” rating and set a $38.00 target price for the company. in a report on Thursday, October 18th. Barclays restated a “sell” rating and issued a $37.00 target price (down from $39.00) on shares of Toll Brothers in a report on Friday, September 14th. ValuEngine cut Toll Brothers from a “sell” rating to a “strong sell” rating in a report on Monday, September 24th. Finally, Evercore ISI upgraded Toll Brothers to an “outperform” rating in a report on Thursday, October 25th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have assigned a buy rating to the company. Toll Brothers has a consensus rating of “Hold” and an average price target of $47.56.

Shares of Toll Brothers stock opened at $31.07 on Tuesday. Toll Brothers Inc has a 52 week low of $28.68 and a 52 week high of $52.73. The firm has a market capitalization of $4.48 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.37 and a beta of 1.17. The company has a current ratio of 6.98, a quick ratio of 0.88 and a debt-to-equity ratio of 0.80.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings results on Tuesday, August 21st. The construction company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.23. Toll Brothers had a return on equity of 13.49% and a net margin of 9.37%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company posted $0.87 EPS. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Equities analysts forecast that Toll Brothers Inc will post 4.48 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 12th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Thursday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 13.88%.

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About Toll Brothers

Toll Brothers, Inc, together with its subsidiaries, designs, builds, markets, and arranges finance for detached and attached homes in luxury residential communities in the United States. The company operates through two segments, Traditional Home Building and City Living. It also builds and sells homes in urban infill markets through Toll Brothers City Living.

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

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