Childress Capital Advisors LLC Sells 350 Shares of Toll Brothers, Inc. (NYSE:TOL)

Childress Capital Advisors LLC lessened its stake in shares of Toll Brothers, Inc. (NYSE:TOL) by 9.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,187 shares of the construction company’s stock after selling 350 shares during the period. Childress Capital Advisors LLC’s holdings in Toll Brothers were worth $492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TOL. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Toll Brothers in the 2nd quarter valued at about $29,000. Massmutual Trust Co. FSB ADV grew its stake in Toll Brothers by 114.5% in the second quarter. Massmutual Trust Co. FSB ADV now owns 266 shares of the construction company’s stock valued at $31,000 after acquiring an additional 142 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Toll Brothers by 202.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 333 shares of the construction company’s stock valued at $38,000 after acquiring an additional 223 shares in the last quarter. UMB Bank n.a. raised its position in shares of Toll Brothers by 323.4% during the third quarter. UMB Bank n.a. now owns 271 shares of the construction company’s stock worth $42,000 after purchasing an additional 207 shares during the period. Finally, Hobbs Group Advisors LLC bought a new position in shares of Toll Brothers in the 2nd quarter worth $44,000. 91.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

TOL has been the topic of several recent research reports. Evercore ISI raised their price target on shares of Toll Brothers from $177.00 to $180.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Seaport Res Ptn downgraded Toll Brothers from a “hold” rating to a “strong sell” rating in a report on Sunday, August 4th. Oppenheimer raised their price objective on Toll Brothers from $168.00 to $189.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada upped their target price on shares of Toll Brothers from $130.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Company raised their price target on shares of Toll Brothers from $163.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $148.87.

Insider Activity at Toll Brothers

In other news, Director John A. Mclean sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total value of $151,100.00. Following the completion of the transaction, the director now directly owns 9,944 shares of the company’s stock, valued at $1,502,538.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Martin P. Connor sold 22,673 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $143.28, for a total transaction of $3,248,587.44. Following the sale, the chief financial officer now owns 14,721 shares of the company’s stock, valued at approximately $2,109,224.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John A. Mclean sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $151.10, for a total transaction of $151,100.00. Following the completion of the sale, the director now owns 9,944 shares in the company, valued at $1,502,538.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 216,257 shares of company stock worth $32,602,152. Corporate insiders own 1.54% of the company’s stock.

Toll Brothers Stock Performance

NYSE:TOL opened at $147.33 on Wednesday. The company has a market capitalization of $15.12 billion, a P/E ratio of 10.06, a P/E/G ratio of 1.20 and a beta of 1.66. The business has a fifty day simple moving average of $148.54 and a two-hundred day simple moving average of $132.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 4.52 and a quick ratio of 0.57. Toll Brothers, Inc. has a 1 year low of $68.33 and a 1 year high of $160.12.

Toll Brothers (NYSE:TOL) last announced its quarterly earnings data on Tuesday, August 20th. The construction company reported $3.60 earnings per share for the quarter, topping the consensus estimate of $3.31 by $0.29. The company had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.71 billion. Toll Brothers had a return on equity of 19.82% and a net margin of 14.63%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $3.73 EPS. On average, analysts expect that Toll Brothers, Inc. will post 13.53 earnings per share for the current year.

Toll Brothers Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Friday, October 11th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Friday, October 11th. Toll Brothers’s dividend payout ratio (DPR) is presently 6.28%.

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.